Citizen finance : multi-supply chain ecosystem | by Twilamayotte

Introduce

Although not yet widely used, cryptocurrencies have been accepted for payment in many places, the interest of many media channels. Large investment funds also started to spend money to hold virtual assets. Its attraction is undeniable why? It could be the next development step of the world in everything from finance, currency, Ai, game, .. . So in this article I will introduce to you a project that has both investment potential and a step ahead in the technology platform of the world.

About

Till date, one among the foremost prominent problem within the traditional video gaming industry is denial of ownership when it involves in-game assets. Players aren’t truth owners of their in-game assets albeit that they had purchased it with in-game currency which successively was purchased with fiat currency. What they will do with the asset is restricted to the utilities of the sport . The player lacks true control of their assets, can’t derived income from it and can also not dispose it.

Citizen Finance is an introduction to GameFi and true ownership of in-game assets. While acting as a bridge between the planet of traditional gaming and blockchain, Citizen Finance will create a platform where players are truth owners of their in-game assets, they will stake it, resell it, gift it or just use it as collateral.
Right to property is usually classified as right which provides every citizen the proper to have property purchased using their own fund. Property can include land , autos and in our case virtual properties like in-game assets. the most property rights are :
Right of Control
Right of Possession
Right of Exclusion
Right to Derived Income
Right of Dispos

Details of the project’s background:

Gamer: A community-driven and controlled platform to ensure transparency and security which in turns is rewarded with community incentives.
Yield farmers: Earn amazing APY by staking in-game assets and providing liquidity on decentralized exchange.
Artists: Convert artwork into digital collectibles which can be traded or utilize in nft-based exhibitions.
Collectors: Collectors can now create immersive experience with are orihinal artwork collected from artist all over the world.
Community: A community-driven and controlled platform to ensure transparency and security which in turns is rewarded with community incentives.

These are properties that have clear and distinctive characters which make them stand out. Non-fungible coins are used to make authentic digital scarcity including digital rights. They are called NFTs in short, and its special abilities rest on three reasons: firstly, its unique features, secondly, its rarity, and finally, its indivisibility. Comparing fungible tokens and non-fungible tokens, you will see that non-fungible tokens have distinctive characters infused into individual coins.

Non-fungible tokens are produced in little quantity hence it is scarce. Therefore, this concept makes it very valuable to own a token that is scarce.

As compared with the fungible token, the NFTs can be spliced or divided into little units. Other coins can be spliced (e.g. BTC, etc). But the NFTs can only be acquired and exchanged as a single entity.

Roadmap

SUMMARY

The problem that stands out in the traditional video game industry is the denial of property rights when it comes to in-game content. Players are not real owners of their in-game assets even if they purchased it with in-game currency that were later purchased with fiat currency. What they can do with assets is limited to the game’s gadgets. The player lacks real control over their property, cannot derive it from it, and cannot dispose of it.
Blockchain technology has allowed some games to introduce real ownership of in-game assets but the facilities for this new concept are still small and have no real impact in the industry. Citizen Finance will introduce new concepts and utility for in-game assets using blockchain technology

More information

Official website: https://citizenfinance.io/

Whitepaper: https://docs.citizenfinance.io/

Discord: https://discord.com/invite/xqNxf63sHx

Medium: https://medium.com/@citizen_finance

Reddit: https://www.reddit.com/user/citizenfinance

Telegram: https://t.me/citizen_finance

Twitter: https://twitter.com/citizen_finance