Description
CityCoins are cryptocurrencies that allow you to support your favorite cities while earning Stacks and Bitcoin. They are powered by Stacks, a blockchain that enables smart contracts on the Bitcoin network. CityCoins have four main features: Activation, Mining, Stacking, and Programming. Activation requires 20 independent wallets to signal before mining begins, with no ICO, pre-sale, or pre-mine. In Mining, anyone can participate by submitting STX into a CityCoins smart contract, with 30% of the STX forwarded to a reserved wallet for the city. Stacking allows users to lock their CityCoins in a smart contract to receive a portion of the remaining 70% of the STX from miners. Programming with Clarity, the smart contract language on Stacks, opens up various utilities and opportunities for developers and residents.