CITIZEN FINANCE is the introduction to GameFi and true ownership of in-game assets. While acting as a bridge between the traditional gaming world and blockchain, Citizen Finance will create a platform where players are the true owners of their in-game assets, they canrisk it, resell it, give it away, or just use it as collateral.property rights are often classified as human rights that entitle every citizen to own property purchased with their own funds. Property can include real estate, cars, and in our case, virtual properties such as in-game assets. The main property rights are;
CONTROL RIGHTS
OWNERSHIP RIGHTS
EXCLUSION RIGHTS
RIGHT TO EARNED INCOME
RIGHT OF DISPOSITION
to date, one of the most prominent issues in the traditional video game industry has been the denial of title to in-game assets. the player is not the true owner of their in-game asset even though they have purchased it with in-game currency which is in turn purchasedwith fiat currency.what they can do with limited assets at the utility of the game. The player does not have proper control over their assets, cannot derive income from them, nor can they dispose of them.
Blockchain technology has allowed some games to introduce true ownership of in-game assets but the utility for this new concept is still small and has no real impact on the industry. citizen Finance will introduce new concepts and utilities for in-game assets using blockchain technology
Non-Fungible tokens are token versions of non-exchangeable assets such as artwork, real estate, collectibles (in-game assets in our case). These assets have individual properties and characteristics that make them unique and valuable. Non-exchangeable tokens can be used to create verifiable digital scarcity, as well as digital ownership.
NFT is not a new concept and the first NFT-like token was the introduction of Bitcoin 2.x (aka colored coin) in 2012 although not a new concept, the launch of Cryptokitties - a blockchain-based platform where players have the opportunity to collect and breed digital cats, brings the world's attention to this unique technology and thus starts the NFT race. cryptopunk launched in 2017 ,the first project which aims to turn artwork into tokens using NFT.
WHY IS NFT SPECIAL?
The specialty of non-fungible tokens revolves around three (3) concepts, namely; UNIQUE, RARE & INSEPARABLE.
UNIQUE:
One of the main features that makes NFTs special is the fact that they are unique. Unlike interchangeable tokens, each nft has a unique property (metadata) that is unique to a single token. It is impossible for 2 NFTs on the same platform to have the same properties.
RARITY:
NFTs are rare collectibles with limited supplies. the scarcity mechanism is one thing that makes ownership of non-exchangeable tokens special.
INDIVISIBILITY:
Unlike exchangeable tokens, non-exchangeable tokens cannot be divided into smaller units. bitcoin and other interchangeable assets can be broken down into smaller units but non-exchangeable tokens must bebought, sold, and stored as a unit.
NFT use cases vary depending on the platform's business model. while for the most part, it has been used to represent art and in-game assets but its use cases are not limited to art and games. NFTS can be used to represent company stocks, bonds, real estate, memberships, and many others. terra Virtua has successfully implemented NFT in the arts, Cryptokitties and GodsUnchained brought NFT to in-game assets while Decentraland, The Sandbox and Spheroid Universeprovide NFTS unique use cases in the digital real estate industry.Citizen funding, the introduction of NFTs for in-game assets is primarily to promote true ownership of in-game assets and allow players to legally exchange assets from one asset to another.
citizen Finance as a GameFi protocol offers players the option to withdraw unused in-game assets (non-exchangeable tokens) and bet on a decentralized pool where they can earn Ciphi tokens (CIFI). this mechanism will result in frequentwithdrawals and deposits in and out of an ecosystem where users will spend a lot of gas costs. .adopting blockchain with less gas costs and fast transactions is our primary need when choosing a blockchain.
CIPHI IS CITIZEN FINANCE'S GOVERNANCE AND UTILITY TOKEN. CIPHI WILL ONLY HAVE A MAXIMUM SUPPLY OF 500,000
Citizen Finance introduces something new to the utility of in-game assets. we decided to adopt the Binance smart chain network because it is easy to understand, low fuel costs, fast transactions and also similar to the Ethereum blockchain.
DISCLAIMER
This article is intended for general information purposes only and does not constitute an invitation or offer to buy or sell CITIZEN FINANCE.
This document should be used for general research purposes only. This does not constitute an endorsement of professional investment advice, recommendations or independent analysis, and should not be construed as a commitment to the pursuit of the goals and objectives outlined herein, that is to those of the staff. to change from time to time at the discretion of the CITIZEN FINANCE team. therefore, the information contained in this Article has not been prepared in accordance with the relevant governing rules and regulations such as publication in various jurisdictions.
For more information about CITIZEN FINANCE, click the link below
OFFICIAL LINK
WEBSITE:https://citizenfinance.io/
DISCORD GG:https://discord.com/invite/xqNxf63sHx
TWITTER:https://twitter.com/citizen_finance
WHITEPAPER:https://docs.citizenfinance.io/
TELEGRAM GROUP:https://t.me/ccbountyportals
MEDIUM:https://medium.com/@citizen_finance
REDDIT:https://www.reddit.com/u/citizenfinance
LINKEDIN:https://linkedin.com/company/arvrseco
Author :
Username: piqulhdt28
Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1793127
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