The World’s First Ever City Coin (MIA) Launches in Miami

Miami is quickly becoming the global hub for cryptocurrency, with Mayor Francis Suarez welcoming the industry with open arms.

I'm excited to share with you that the city of Miami has launched it's own cryptocurrency, the first of it's kind, which will be used to fund infrastructure or projects within Miami.

Here's how it works. Anyone can essentially 'mine' the Miami coin and 30% of all rewards will go to the city's treasury. The city can then use that money however they please to make improvements. Miami Coin or MIA is the first ever CityCoin to launch, and is build upon the Stacks (STX) protocol, a blockchain which is built upon Bitcoin.

Will MiamiCoin (MIA) work? Will more CityCoins launch? Personally, I believe that CityCoins are here to stay. I also believe in industry coins (music, yoga, art, etc.), but that's a topic for another day!

To learn more about city coins, check out my interview with Michael Healy of Unit: https://www.youtube.com/watch?v=BbR92QBBwnc&t=281s

FYI, I'm not endorsed by Miami Coin, personally own none of it, and this video is for informational purposes only.

#BitClout
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