Citizen Finance — an introduction to GameFi and true in-game asset ownership!
Modern technology is something, a lot of useful things appear out of nowhere and help us in life. Cryptocurrencies are another technology that can change our world for the better. This concept appeared several years ago. However, this technology has proven to be very useful and in demand in various fields. From daily payments to data protection. The functioning of the cryptocurrency is based on blockchain technology. All this information is stored on various devices that participate in this system. Information about such a payment can be found on all devices (data is synchronized over the Internet), so it is almost impossible to hack such a system. Now Defi is gaining immense popularity. The DeFi platform is a collection of financial applications and solutions developed on the blockchain network. Also, blockchain can change the gaming market. Over the past few years, the gaming industry has been enriched by several innovations — virtual reality (VR), augmented reality and artificial intelligence. But the biggest contribution is made by blockchain, adding transparency and trust to the gaming space. Investors don’t want to be just outside observers and participate in blockchain games. For them, technology has disruptive potential that can be turned into lucrative deals. Thus, they consider this new technology to be a breakthrough in the gaming industry. This is why Citizen Finance provides a platform where players are the real owners of their gaming assets, they can bet, resell, give away, or simply use as collateral. Citizen Finance is an introduction to GameFi and true ownership of gaming assets.
Citizen Finance offers players full ownership of in-game assets. In-game assets are blockchain-based non-fungible tokens that reward players for participating in the game and placing assets in a decentralized pool. Each in-game asset in Meta City is a unique non-fungible token. Important attributes of in-game assets are DamagingPowa, face value, and rarity. DamagingPowa is the strength of the asset, denomination is the amount of token that the owner will receive after liquidation, and rarity is the rarity of an asset. Each in-game asset has 6 basic rarities: Common, Rare, Epic, Elite, Legendary, and God. Each rarity has a unique destructive power and value in the game. The weapon of a god is a rarity, players will have to work harder to get it. The platform will also introduce skins as a virtual commodity in their economy model. Players will not only be able to buy weapon skins in the primary market, they will also be able to create their own weapon skins and trade them in the secondary market. By introducing blockchain into the weapon skin economy, artists will be able to design their own skins, embed them in the NFT, and legally sell directly on the Citizen Finance secondary market. The platform will be an open economy for weapon skin artists to generate income by doing what they do best. Skins must be approved by the Citizen Finance team and the community through DCC before they can be supported by Citizen Finance.
The biggest problem in the traditional video game industry is the denial of ownership of gaming assets. Players are not the true owners of their in-game assets, even if they purchased them with in-game currency, which in turn was purchased with fiat currency. The player lacks real control over his property, he cannot receive income from it, and also cannot dispose of it. Blockchain technology has allowed some games to represent true ownership of in-game assets, but the utilities for this new concept are still small and have no real impact on the industry. Citizen Finance will present new concepts and utilities for gaming assets using blockchain technology. Meta City Citizen Finance rewards players with its own Ciphi token, which is created using NFT and liquidity mining, and an in-game drop. Users can use the Ciphi token to buy nft in the secondary market, use it as a launch fee for their own skin offering, a deployment fee for Cifipowa, a Ciphi share to receive liquidity rewards, and use it for a lending protocol.
Blockchain will help developers get rid of the gray market for in-game asset trading. With Citizen Finance, users will be able to freely trade their assets as they see fit, and publishers will be able to continue to generate income outside of the primary market.
Platform applications:
Details of the project can be found on the links below:
Website https://citizenfinance.io/
Dapp https://santafe.citizenfinance.io/
Document https://docs.citizenfinance.io/
Token https://docs.citizenfinance.io/tokenomics/token
Twitter https://twitter.com/citizen_finance
CifiPowa https://cifipowa.citizenfinance.io/
Explore https://citizenfinance.io/explore
Medium https://medium.com/@citizen_finance
LinkedIn https://linkedin.com/company/arvrseco
Discord https://discord.com/invite/xqNxf63sHx
Reddit https://www.reddit.com/user/citizenfinance
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2177901
Proof of bitcointalk: https://bitcointalk.org/index.php?topic=5327870.msg56805590#msg56805590
ETH (BEP20 — BSC — Bianance Smart chain) address: 0x1a0fBDc6866262302425cb7CbecF468795358311
