Citizen Finance
About
Blockchain-based games can provide a completely immersive experience like never before. Blockchain gives gamers something they never had a chance to own in full. Introduce NFT of Citizen Finance for in-game assets mainly to promote ownership of in-game assets and allow users to exchange co-operative assets between one person and another.
One problem is that a player is not the real owner of their in-game assets even if they purchased it for an in-game currency that was later redeemed for fiat currency. Players lack a physical check of their property, cannot monetize it, and dispose of it. Block art allows some games to introduce ownership to in-game assets but the utility for new concepts is still small and has no real effect on the industry. Citizen Finance will introduce new concepts and utilities for in-game products using blockchain technology.
How Binance Smart chain can help Citizen finance?
Citizen Finance as a GameFi protocol offers players the choice to withdraw their unused in-game assets (non-fungible token) and stake on decentralized pools where they will earn Ciphi (CIFI) token. This mechanism will end in frequent withdrawals and deposits in and out of the ecosystem during which users will spend tons of gas fee. Adopting a blockchain with less gas fee and fast transaction was our primary need when choosing a blockchain.
Citizen Finance is introducing something new into the utilities of in-game assets. We decided to adopt the Binance smart chain network because it’s easy to know , low cost gas fee, fast transaction and also almost like the Ethereum blockchain.
Adopting blockchain for successful business
Popularity isn’t the primary thing to think about when adopting a blockchain network. the foremost important thing to think about is “if the blockchain fits into your business models and operation”.
There are many blockchain out there all promising subsequent big thing when it involves technology and adoption. there’s little question that each blockchain is exclusive in its own way but not all business models can fit into every blockchain.
About Non-fungible tokens (NFT)
Non-fungible tokens are token versions of non-replaceable assets such as artwork, real estate, collectibles (in our case, in-game assets). These assets have individual properties and characteristics that make them unique and valuable. Non-fungible tokens can be used to create verifiable digital deficits as well as digital properties.
The use case of NFT
The NFT use case depends on the platform’s business model. Although it is mostly used to represent art and in-game assets, its use is not limited to art and games. NFTs can be used to represent company stocks, bonds, real estate, memberships, and more. Terra Virtua has successfully implemented NFTs for the arts, Cryptokitties and GodsUnchained have introduced NFTs for in-game assets, while Decentraland, The Sandbox, and Spheroid Universe have provided NFTs with unique use cases in the digital real estate industry.
Getting true ownership in video games through Blockchain
Blockchain and cryptocurrencies provide a convenient infrastructure to enable true ownership of virtual assets in video games. A prototype would replace the usage of in-game currencies with a game cryptocurrency which may be transferred freely and simply between any crypto user no matter whether or not they play the sport .
Blockchain-enabled developments can transfer the ownership to the players. Smart contracts, which are lines of code stored on a blockchain which will automatically execute when the predetermined conditions are met, allow assets to be automatically transferred to the player. The immutability of blockchain data means with smart contracts, developers cannot take these assets back.
Details of the project’s background:
Gamer : A community-driven and controlled platform to ensure transparency and security which in turns is rewarded with community incentives.
Yield farmers : Earn amazing APY by staking in-game assets and providing liquidity on decentralized exchange.
Artists : Convert artwork into digital collectibles which can be traded or utilize in nft-based exhibitions.
Collectors : Collectors can now create immersive experience with are orihinal artwork collected from artist all over the world.
Community : A community-driven and controlled platform to ensure transparency and security which in turns is rewarded with community incentives.
For more information you can follow at:
Website: https://citizenfinance.io/
Discord: https://discord.com/invite/xqNxf63sHx
Medium: https://medium.com/@citizen_finance
Twitter: https://twitter.com/citizen_finance
Github: https://github.com/citizenfi
#citizenfinance, #nft4fps #nft4XR #cifipowa #metacity #gamefi #citizens #cifi #defi #ciphi #bsc #blockchain #ownership @Citizen Finance
Written by
Bitcointalk User: BertieBarnes65
Profile: https://bitcointalk.org/index.php?action=profile;u=2602120
BSC Walltet: 0xeBff8240FC1Ac174479812b761266a281915A74d
