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CITY (CITY) is a unique cryptocurrency integrated into the immersive gaming experience known as Stonks City. This game revolves around the principles of investing and risk-taking, inviting participants to opt for the more conservative approach of staking their $CITY tokens to enjoy passive yields or to dive into the thrilling potential of purchasing high-yielding stocks. An interesting aspect of the game is that all $CITY spent on stock purchases is permanently removed from circulation, effectively enhancing the scarcity of the token.
The economic structure behind CITY is carefully calculated, allocating significant portions of the total supply of 10 billion tokens to various functions within the ecosystem. Approximately 50% is dedicated to liquidity pools, while 40% is set aside for reserves. The marketing efforts receive 5%, and the team allocation, which is locked for three months, accounts for an additional 5%. The dynamic of staking and stock buying not only engages players but also encourages active participation, as it creates tangible ties between gameplay and financial outcomes.
Within the Stonks City platform, users can connect their wallets to stake $CITY and accumulate rewards. This process also allows players to claim their rewards or reinvest them, promoting ongoing participation and investment within the game. The option to buy various stocks using $CITY brings an exciting layer into the gameplay, as each stock purchase leads to a burning mechanism, eliminating tokens from supply and thereby potentially increasing the value of remaining tokens in circulation. Overall, CITY serves as a vital component of the Stonks City universe, compellingly merging gaming with financial strategy.
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