Have you ever heard about Citycoins? If not, this article is for you. Today we will discuss about what are CityCoins and why are CityCoins built on Stacks. Let’s find out by reading the article below.
What are CityCoins?
CityCoins is a cryptocurrency that allows you to support your favorite city while earning Stacks and Bitcoins. Welcome, glad you found us! CityCoins is powered by Stacks, a blockchain that enables smart contracts on the Bitcoin network.
Why are CityCoins built on Stacks?
Stacks supports smart contracts and applications on Bitcoin. It enables a feature called "Stacking" which earns BTC when you lock up STX in the protocol. CityCoins leverage a similar stacking feature to enable CityCoin holders to stack their CityCoins to earn STX, which can be further stacked to earn BTC.
I hope this article will help you to learn what are CityCoins and why are CityCoins built on Stacks. With any CityCoin you can mine, hold, stack to earn STX, borrow, lend and program. Built on open source software, CityCoins is a new way for developers to create applications and experiment with innovative use cases.
