Citizen Finance Review — In-Game Assets Blockchain Based Non-Fungible Token (NFT)
Citizen Finance Introduction
The word Cryptocurrency is become popular day by day. Now in recent day people are aware about the cryptocurrency and come to this crypto world to make their assets. Cryptocurrency is the future of all financial system.
Cryptocurrency was originally known as a payment system that allows people to be able to make transactions quickly, in a transparent, secure and anonymous manner without any third parties. Innovative projects consistently appear in the crypto industry with high return investments and a continuous trend, such as Citizen Finance is one project.
What is Citizen Finance?
Citizen Finance is the world’s first blockchain gaming network, which is poised to revolutionize both the cryptocurrency and online gaming industries.
Citizen Finance create a place where players are the true owners of their in-game money, which they can gamble on, resell, donate, or merely use as leverage. Citizen Finance will be introducing new concepts and utilities for in-game assets using blockchain technology.
In the Citizen finance game network, the CIPHI token will serve as the primary currency. The winner of each game receives the total number of CIPHI tokens collected.
While blockchain technology has allowed some games to incorporate true ownership of in-game properties, Citizen Finance will use blockchain technologies to implement new ideas and usefulness for in-game properties.
The Citizen Finance offers multiple use case in a game assets such as.
- Play: Use in-game assets to play the Meta City FPS game.
- Trade: Exchange your in-game assets for other cryptocurrencies on the secondary market.
- Bet: Bet your unused in-game assets on a decentralized pool to earn CIPHI.
- Collateral: Use your in-game assets as collateral to borrow funds from the loan protocol.
Core Features of Citizen Finance
What is NFT?
NFT means Non Fungible Token. We all already know much about NFT but if you doesn’t know let me explain it to you. NFT means a token, which is the sign of ownership of an asset.
The token is a digital asset that represents a wide range of unique tangible and intangible items. You may think about it like it is a train ticket, which is the sign of ownership of a seat, on that train, at that moment.
The word fungible refers to an asset that is easily exchangeable. A neighbor could borrow a pound of salt and buy me another one in a few days when he goes to the supermarket. It doesn’t matter that the salt is different, it is easily replaceable and exchangeable.
Citizen Finance introduction of NFTs for in-game assets is mainly to promote true ownership of in-game assets and enable players to legally exchange assets between one and another.
Characteristics of NFTS
- Distinguishable: They are unique, so they can represent a one-of-a-kind asset.
- Verifiable: Another benefit of storing historical ownership data on the blockchain is that items such as digital artwork can be traced back to the original creator, which allows pieces to be authenticated without the need for third-party verification.
- Indivisible: NFTs cannot be divided into smaller denominations.
- Indestructible: The NFT data is stored on the blockchain via smart contracts, each token cannot be destroyed, removed, or replicated. Ownership of these tokens is also immutable.
Binance Smart Chain (BSC)
There are many blockchain out there all promising the next big thing when it comes to technology and adoption. There is no doubt that every blockchain is unique in its own way but not all business models can fit into every blockchain.
Popularity is not the first thing to consider when adopting a blockchain network. The most important thing to consider is “if the blockchain fits into your business models and operation”.
Citizen Finance as a GameFi protocol offers players the option to withdraw their unused in-game assets (non-fungible token) and stake on decentralized pools where they can earn Ciphi (CIFI) token. Adopting a blockchain with less gas fee and fast transaction was our primary need when choosing a blockchain.
Citizen Finance Review Video
Citizen Finance Game Meta City
Meta City is a Blockchain First-person shooter game on mobile and PC. The game is centered in a fictional city called Meta City.
Meta City is a depicted as a rich city with 14 districts. The City is rich with many minerals but the most precious is Ciphi, a metal that fuels the city’s technological advancement.
Ciphi was discovered by Nikron Ovan the founder of Meta City Company (MCC). This company controls 70% of Ciphi mining operations in the Meta city.
Citizen Finance Token Details
Ciphi is the native token of Citizen Finance platform, the token is minted through NFT staking and Liquidity mining.
Token information:
• Name: CIPHI
• Symbol: CIFI
• Network: Binance Smart Chain
• Decimal: 18
• Type: Utility and Governance
• Supply: 500,000
Token distribution:
• Staking (75.875%): 379,375 (Release gradually for LP and Staking rewards)
• Sales IDO (10): 50,000 (Unlock on day 1)
• Liquidity (3.125%): 15,625 (Lock for 6 month)
• Team (10%): 50,000 (10% Unlock on day 1 then 1 year lockup 90%)
• Airdrop & Bounty (1%): 5,000 (100% unlock after distribution)
Conclusion:
I can conclude that the Citizen Finance Project is a registered trademark of Arvrse Studio. Citizen Finance is a blockchain-based First Person Shooter video game company with support for NFTs. Citizen Finance plans to expand its operations all over the world.
Because of its capacity, transparency, durability, and strengths, I believe Citizen Finance would have a good foothold in exchanges in general and the crypto world in specific. In today’s top crypto exchanges, Citizen Finance will soon be accepted. Last but not the least I wish all the team members for success.
Citizen Finance More information.
- Website: https://citizenfinance.io/
- Discord: https://discord.gg/PEeVUtqtER
- Twitter: https://twitter.com/citizen_finance
- Medium: https://medium.com/@citizen_finance
- Whitepaper: https://docs.citizenfinance.io/
- Bitcointalk: https://bitcointalk.org/index.php?topic=5327870.0
Author
- Bitcointalk Username: biplob111
- Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2374003
- Proof of Authentication Link: https://bitcointalk.org/index.php?topic=5327870.msg56703044#msg56703044
- Discord Username: CryptoBikash | Citizen Finance#1058
- Telegram Link: https://t.me/cryptobikash8
- BSC address: 0x35aF660fCD1F51eBD4c9BF86D418487815373Fa1
#citizenfinance, #nft4fps #nft4XR #cifipowa #metacity #gamefi #citizens #cifi #defi #ciphi #bsc #blockchain #ownership @Citizen Finance
