CITIZEN FINANCE; REVOLUTION FOR GAMING THROUGH BLOCKCHAIN TECHNOLOGY

Gaming industry is a very huge one and has the potential of giving blockchain and cryptocurrency massive adaptation and popularity. The global market report shows that there are over 2.8 billion gamers worldwide in 2021. What blockchain has to offer to the gaming industry is exceptional. Gamers will be able to monetize their skills, enjoy better security, property rights, transparency and other handful of use cases that will make gaming even more exciting. This great idea is no longer just a thought process, it has been brought to life through Citizen Finance.

Citizen Finance

Citizen Finance is the world’s first blockchain enabled role playing game across multiple platforms with support for non-fungible token and game finance. Players are offered full ownership of in-game assets. The in-game assets are blockchain based non-fungible tokens, given to the players as a reward for playing the game and for staking the assets on a decentralized pool. The players will have full ownership of the in-game assets and be able to sell the assets, can gift it out or use it as collateral to secure a loan.

Players will have the option to either withdraw their unused in-game non-fungible token or stake it on decentralized pools and earn Ciphi token (CIFI0). In this regard, the GameFi protocol is adopting Binance smart chain network to give users an easy to understand network with lower gas fee and fast transaction.

Insight On Non-Fungible Token

Non-fungible token (NFT) is a unit of data on a digital ledger which is blockchain, where each of the non-fungible token represents a unique digital item; in this case items in games. They are not interchangeable, as they are designed to give something that can’t be copied, only one person can own the original. Non-fungible tokens are indivisible; they cannot be divided into smaller units.

Citizen Finance is using non-fungible token for in-game assets to promote true ownership of in-game assets, enabling players to exchange assets between one another legally, thereby resolving the problem of property right denial in the traditional video gaming industry, where players do not have true ownership of their in-game assets even after purchasing it with their fund.

Ciphi Token

Ciphi is the governance and utility token for Citizen Finance with a maximum supply of 500,000. The token can be gotten by LP mining, non-fungible token staking, playing games on Citizen Finance and by purchasing. There will be a presale round for Ciphi investors to be released soon. By performing simple social media tasks such as joining the Citizen Discord server, following the official twitter handle, retweeting and also following on Reddit, you can fill the Citizen Finance airdrop form to receive rare non-fungible token in-game assets as a citizen of the network.

Visit the Citizen Finance project site (citizenfinance.io) and click on airdrop to do the above task.

Citizen Finance Non-Fungible Token Use Case

• Holders can use it to play Meta City FPS Game; a first person shooter game based on Binance smart chain.
• It can be staked.
• It can be resold on the secondary marketplace.
• It can be used as collateral

To find out more about Citizen Finance read through the whitepaper documen link (docs.citizenfinance.io)

Written by Adesina Oluwasanmi

Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=1717041