What are citycoins and how do they work?

CityCoins are cryptocurrencies that allow you to support your favorite cities while earning Stacks and Bitcoin. What are CityCoins?

How are citycoins mined?

Mining CityCoins is performed by forwarding STX tokens into the smart contract in a given Stacks block, and is a one-way process. Miners are rewarded with new CityCoins tokens. 70% of mining rewards are distributed to people who chose to stack their CityCoins (Stackers). 30% of mining rewards are sent (in STX) to a city's custodied reserve wallet.

What is the history of circulating coins?

The History of U.S. Circulating Coins The story of U.S. circulating coins began long before the opening of a national mint in 1792. Before national coinage, a mix of foreign and domestic coins circulated, both during the Colonial Period and in the years following the Revolutionary War.

What are the different types of circulating coins?

The penny, nickel, dime, and quarter are the circulating coins that we use today. To learn more about the history of these coins, read The History of U.S. Circulating Coins. Half dollar and $1 coins are produced as collectibles. However, they may still be ordered by the Federal Reserve for circulation and used as legal tender.