Definition : Citizen Finance

4 min readMay 6, 2021

💲 Citizen Finance

Gets to start with an explanation of what Citizen Finance is, as far as I understand it from other articles and the company’s website. Citizen Finance is a primer on GameFi and real in-game asset ownership. Citizen Finance would build a forum where players are the true owners of their in-game properties, which they can stake, resell, give, or simply use as collateral, while serving as a bridge between traditional gaming and blockchain.

It contributes to the growth of the gaming industry by making it simple for gamers to buy their desired pieces. Denial of property rights when it comes to in-game properties is now one of the most influential problems in the conventional video gaming industry. Even if they bought it with in-game money, which was bought with fiat currency, players are not the true owners of their in-game properties. Because of the game’s limitations, they are limited in what they can do with the asset.The player has no true control over their properties, can not generate income from them, and can not sell them.

While blockchain technology has allowed some games to incorporate true ownership of in-game properties, the benefits of this new innovation are still limited, and it has had no significant effect on the industry. Citizen Finance will use blockchain technology to introduce new ideas and utilities for in-game properties.

💲 BLOCK CHAIN

Here I will give you a simple understanding of BLOCK CHAIN. It is very important that you are aware of this.

A decentralized general ledger is referred to as a blockchain. It’s a computer network that has an identical copy of the database and uses pure mathematics to adjust the status (records) of the database. All of this implies that there is no need for a central server or any other organization that we can rely on (e.g. central bank, notaries, banks, paypal, etc.). All cryptocurrencies, including Bitcoin, Ethereum, Hyperledger, and others, are built on the blockchain technology.

Smart contracts, a piece of code stored in the blockchain network (in each participant’s database), are an integral part of the blockchain. It essentially lays out the terms by which all parties involved in the contract agreement must abide. As a result, if the required conditions are met, those acts are carried out. Since the smart contract is stored on all machines on the network, it must be run by everyone and produce the same result. Users may be certain that the result is right this way.

💲 What About NFT?

It’s Non-Fungible Token

The NFT token is a digital asset that can be used to represent a variety of different tangible and intangible objects.

This token is held on a public blockchain, which is a decentralized digital ledger that tracks the transactions of products or properties. Making it easier for everybody to see that you are the owner of the token.

💲 Citizen Finance Game Meta City

Meta City is a mobile and PC Blockchain first-person shooter game. The game takes place in the fictitious city of Meta City.
Meta City is depicted as a wealthy metropolis with 14 districts. Many minerals abound in the city, but the most valuable is Ciphi, a metal that powers the city’s technological development. Nikron Ovan, the founder of Meta City Company (MCC), a company that manages 70% of Ciphi mining operations in the city, discovered Ciphi.

💲 Tokenomics

Ciphi is Citizen Finance’s native token, which is generated through NFT staking and liquidity mining. Users can buy nfts on the secondary market with Ciphi tokens, pay fees to launch their own skin proposal, pay Cifipowa deployment fees, stake in Ciphi to gain liquidity rewards, and use the lending protocol.

Specification

▪ Name: CIPHI
▪ Symbol: CIFI
▪ Network: Binance Smart Chain
▪ Decimal: 18
▪ Type: Utility and Governance
▪ Supply: 500,000

Distribution

▪ Mining (88%) : 370,000
▪ Presale (10) : 50,000
▪ Liquidity(1%): 25,000
▪ 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.

💰More research into this project will assist you in getting a better income on your investment.