Cryptocurrency Q&A
How do you get CityCoins?
How do you get CityCoins?
Maria
Wed Jul 24 2024
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7 answers
1673
How do you acquire CityCoins? I understand they're a unique type of cryptocurrency tied to specific cities, but I'm unsure of the exact process involved in obtaining them. Do you need to mine them like Bitcoin, or is there another method? Are there any requirements or restrictions to acquiring CityCoins? And how do the profits or rewards from holding these coins work? I'm eager to learn more about this exciting new opportunity in the cryptocurrency space.
7 answers
Emanuele
Fri Jul 26 2024
The mining process involves forwarding STX, the native token of the Stacks blockchain, into a CityCoins smart contract.
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Rosalia
Fri Jul 26 2024
Stacking CityCoins is a way for holders to increase their holdings and potentially generate passive income.
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henry_taylor_architect
Fri Jul 26 2024
This smart contract utilizes a random selection process to determine the winner of each block reward, with the chance of winning being weighted by the total amount of STX spent.
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CryptoWizardry
Fri Jul 26 2024
Once a miner is selected as the winner, they claim the CityCoins that have been mined.
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CryptoGladiatorGuard
Fri Jul 26 2024
These CityCoins can then be utilized in various ways, including being stacked to earn additional returns in STX and BTC.
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