CITIZEN FINANCE
WHAT IS CITIZEN FINANCE?
Citizen Finance is an introduction to GameFi and true ownership of in-game assets. While acting as a bridge between the world of traditional gaming and blockchain, Citizen Finance will create a platform where players are the true owners of their in-game assets, they can stake it, resell it, gift it or simply use it as collateral.
Right to property is often classified as human right which gives every citizen the right to own property purchased using their own fund. Property can include real estate, autos and in our case virtual properties like in-game assets. The main property rights are;
Right of Control
Right of Possession
Right of Exclusion
Right to Derived Income
Right of Disposition
Till date, one of the most prominent problem in the traditional video gaming industry is denial of property right when it comes to in-game assets. Players are not the true owners of their in-game assets even if they had purchased it with in-game currency which in turn was purchased with fiat currency. What they can do with the asset is limited to the utilities of the game. The player lacks true control of their assets, can not derived income from it and also can not dispose it.
Blockchain technology has enabled some games introduced true ownership of in-game assets but the utilities for this new concept is still small and has no real impact in the industry. Citizen Finance will be introducing new concepts and utilities for in-game assets using blockchain technology
Citizen Finance : Meta City is a Blockchain First-person shooter game on mobile and PC. The game is centered in a fictional city called Meta City
Gameplay
Players take on the role of Harry Lam, a professional military contractor employed by MCC to rescue their trapped workers in Blockdown district. The player will have to battle the Nunakai, rescue the workers and obtain information regarding the invaders and what they want with Ciphi. Upon his death, the company was passed to his only daughter Natalia Ovan with the guidance of the 14 (rich and powerful individuals and shareholders of MCC)
The player gradually builds up own bunker and try to survive in a post apocalyptic region that is been overrun by aliens.
Battlefield
Enjoy an action-packed mobile and PC multiplayer game with in-game assets an nfts. Players will be able to team up for survival, capture the district and many other multiplayer missions. To make the game fair and transparent, Meta City will create a class system of weapons which users will be merged based on their loadout gears.
Meta City enables players to team up, join clans to battle other clans.
Battles
Class 1 - Class 2
Class 3 - Class 4
Class 5 - Class 6
Play to Earn
Meta City incorporate the blockchain play to earn model by incentivizing players from in-game drop of nfts, daily rewards, achievements, and ability to with in-game currency as native token.
Bunker System
Introduction of Bunker system is a groundbreaking concept which Meta City will make gameplay and inventory unique. Each player is entitled to a bunker (3D inventory) which they can store their in-game assets, appearance, take missions and interact with other clans. The Bunker can be upgraded to contain more weapons as each bunker is limited to the number of assets it can contains. Players can also purchase new bunkers instead of upgrading their old bunker.
The Fever about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is an enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is Citizens Finance
Lets Talk About NFT
A non-fungible token (NFT) (previously referred to as Bitcoin 2.0) is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable.[1] NFTs can be used to represent items such as photos, videos, audio, and other types of digital files. Access to any copy of the original file, however, is not restricted to the buyer of the NFT. While copies of these digital items are available for anyone to obtain, NFTs are tracked on blockchains to provide the owner with a proof of ownership that is separate from copyright.
In 2021, there has been increased interest in using NFTs. Blockchains like Ethereum, Flow, and Tezos have their own standards when it comes to supporting NFTs, but each works to ensure that the digital item represented is authentically one-of-a-kind. NFTs are now being used to commodify digital assets in art, music, sports, and other popular entertainment. Most NFTs are part of the Ethereum blockchain; however, other blockchains can implement their own versions of NFTs.[2]
The NFT market value tripled in 2020, reaching more than $250 million.[3] The rise of NFT transactions has also led to increased environmental criticism. The computation-heavy processes associated with proof-of-work blockchains, the type primarily used for NFTs, require high energy inputs that are contributing to global warming. The carbon emissions produced by the energy needed to maintain these blockchains has forced some in the NFT market to rethink their carbon footprint.
Citizen Finance is one of such projects to reckon with because of its uniqueness and being a gaming project we need an indepth understanding of how it works and what it is about.
We shall briefly define what Citizens finance stands for according to their website
When a player upgrades a bunker, the player is purchasing additional spaces to store in-game assets but purchasing new bunker, the player get a new bunker with a new designs, more spaces and functionalities. A bunker can only be upgraded 3 times in which it needs to be renewed.
Q1 2021
Launch of website v1
CifiPowa beta release
Airdrop & Bounty
Smart contract development
Q2 2021
Presale
Early Asset Offering (Kickstarter)
NFT distribution
LP Mining
Forge
Marketplace
Meta City Pre-alpha
CifiPowa X (Beta)
Q3 2021
NFT marketplace (auction)
ERC1155 suport
Public Release of Blockdown district (Meta City)
Internal Test of SaaVC
Support NFT as in-game assets
Q4 2021
NFT on CifiPowa X
Art exhibition on Cifipowa X
Public Release of SaaVC
Marketplace API
Immersive Shopping
Q1 2022
Cross-chain features
Further development
Esport
Tokenomics
Ciphi is the native token of Citizen Finance platform, the token is minted through NFT staking and Liquidity mining. Users can utilize Ciphi token to purchase nfts from the secondary marketplace, use as fees to launch own skin proposal, deployment fee for Cifipowa , stake Ciphi to earn liquidity reward and also use for lending protocol.
Specification
Name: CIPHI
Symbol: CIFI
Network: Binance Smart Chain
Decimal: 18
Type: Utility and Governance
Supply: 500,000
Distribution
Mining (75.875%): 379,375
Sales IDO (10): 50,000
Liquidity(3.125%): 15,625
Team (10%): 50,000
Airdrop & Bounty (1%): 5000
Liquidity will be locked for 6 months
Team token will be distributed in stages. 10% will be distributed in the beginning while 90% will be locked for 12 months. After lockup period, 5% of Team token will be released monthly.
Deduction
Citizen Finance adopts a deduction mechanism whenever a player/farmer initiates an harvest. 5% of rewards is deducted and sent to the Treasury while the player/farmer receives 95%.
Distribution of Treasury Fund
1% Team Wallet
2% Voluntary Developers
2% Reward pool
Use of Ciphi Token
Payment method for in-game currency
NFT minting fee on CifiPowa
Auctioning of NFTs
For More Information Please visit the links Below:
Whitepaper: https://docs.citizenfinance.io/faq
Website: https://citizenfinance.io/
Medium : https://medium.com/@citizen_finance
Twitter: https://twitter.com/citizen_finance
Author: : FeLix4s3
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1673535