City Coin (CITY)

City Coin (CITY) is the native cryptocurrency of the City Chain blockchain and the Smart City Platform. It serves as the medium of exchange and payment for services within the platform. The City Chain blockchain is a Proof-of-Stake blockchain, allowing users to stake their coins instead of mining, making it more accessible to individuals without needing specialized mining hardware. Stakers provide a service to the community and the network and are rewarded with new coins for every block they stake. The more coins a user stakes, the higher their chance of being selected to stake a block.

The Smart City Platform aims to make crypto-technologies more user-friendly and available to everyone, regardless of their technical expertise. It provides a range of features such as encrypted and anonymous secure communities, customizable identities, a contact registry for easy coin transfers, a merchant framework for businesses, a voting framework, digital verifiable certifications, property and vehicle registries, and integration with existing blockchains for insurance and contracts. The platform’s City Hub app offers a streamlined and user-friendly dashboard that abstracts the underlying technology while keeping users safe and secure.

The City Coin and the Smart City Platform are designed to enable a widespread acceptance and utilization of cryptocurrencies. By providing delightful and user-friendly apps and services accessible to all, the platform aims to make crypto-currencies preferable over traditional payment methods. It also seeks to become an umbrella for a wide range of services built on blockchain technologies. The Smart City Platform will partner with other blockchains and tokens, making them more accessible to City Coin users. It aims to optimize and modernize city operations, empower citizens with control over their data and identities, and facilitate seamless transactions within the platform.