Tokenomics of the Citizen Finance project
If you have not read my article about the Citizen Finance project yet, then I would recommend that you first read it, and then return to reading this article of mine.
Well, in short, I can remind you that the Citizen Finance project created an exciting game called Meta City, and also created an ecosystem around this game, which includes the DeFi protocol, which allows you to invest CIPHI tokens issued by this project in decentralized pools for passive profit. Also, the DeFi-protocol of Citizen Finance will allow users to borrow funds by pledging CIPHI tokens.
So, the Citizen Finance project has issued its own token called CIPHI. The total supply of this token is 500,000 CIPHI tokens. The token is built on the Binance Smart Chain network and is created using non-fungible tokens, as well as liquidity mining.
CIPHI token can be used to buy NFT in the secondary market, it can be used:
- as payment for launching your own skins in the Meta City game,
- the CIPHI token can be used as payment for using the CifiPowa graphics editor to create and modify graphic works of art,
- the CIPHI token can be used for betting in decentralized liquidity pools,
- the CIPHI token can be used in the lending protocol,
- CIPHI token can be used for in-game advertising.
In addition, the Citizen Finance project plans to motivate the Meta City shooter players by rewarding them for their active participation in the game. Meta City players will be able to convert Meta play money into CIPHI tokens at the rate of 1 Meta = 0.01 CIPHI.
The Citizen Finance project team plans to distribute CIPHI tokens as follows:
- 88% of the total supply of CIPHI tokens will not enter the circulating supply immediately, but gradually, in the process of mining,
- 10% of CIPHI tokens allocated for pre-sale,
- 1% allocated to maintain liquidity, which will be frozen for 6 months,
- 10% of CIPHI tokens are allocated for the Citizen Finance project team, while only 10% of this amount will be received by the team at the very beginning of the project launch, and the remaining 90% will be received by the project team after 12 months,
- For bounty and airdrop, the team allocated 1% of the total issued CIPHI tokens.
The economy of the Citizen Finance project is arranged in such a way that from the profit of each user (for example, profit from Staking), a commission of 5% is charged, which is sent to the Project Treasury, after which it is distributed between the main team of platform developers, additional developers (freelancers) and bonus pool.
To increase the value of the CIPHI token, the Citizen Finance project team is planning a monthly buyback of CIPHI tokens. For these purposes, the project team will allocate 20% of the platform's monthly profit. At the same time, 50% of the redeemed CIPHI tokens will be burned, and the remaining 50% will be sent to the reward pool. This will continue until the total number of tokens burned is more than 50,000 CIPHI.
As we can see, dear friends, the Citizen Finance tokenomics are very well thought out and the use of the CIPHI token has a very wide range of applications. This means that there will always be sufficient demand for the CIPHI token, and the monthly buyback of CIPHI tokens, which will be carried out by the Citizen Finance project team, will help increase the price of this token.
OFFICIAL LINKS OF THE CITIZEN FINANCE PROJECT:
Website: https://citizenfinance.io/
Whitepaper: https://docs.citizenfinance.io/
Discord: https://discord.com/invite/xqNxf63sHx
Medium: https://medium.com/@citizen_finance
Twitter: https://twitter.com/citizen_finance
Telegram channel: https://t.me/citizen_finance
AUTHOR OF THIS ARTICLE:
Bitcointalk UserName: bulalex16
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=908095
ETH (BEP20 - BSC - Bianance Smart chain) address: 0x67b271e10dc48754863723981cc97afa3a034170
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