The World’s First Ever City Coin (MIA) Launches in Miami

3 years ago
1

Miami is quickly becoming the global hub for cryptocurrency, with Mayor Francis Suarez welcoming the industry with open arms.

I'm excited to share with you that the city of Miami has launched it's own cryptocurrency, the first of it's kind, which will be used to fund infrastructure or projects within Miami.

Here's how it works. Anyone can essentially 'mine' the Miami coin and 30% of all rewards will go to the city's treasury. The city can then use that money however they please to make improvements. Miami Coin or MIA is the first ever CityCoin to launch, and is build upon the Stacks (STX) protocol, a blockchain which is built upon Bitcoin.

Will MiamiCoin (MIA) work? Will more CityCoins launch? Personally, I believe that CityCoins are here to stay. I also believe in industry coins (music, yoga, art, etc.), but that's a topic for another day!

To learn more about city coins, check out my interview with Michael Healy of Unit: https://www.youtube.com/watch?v=BbR92QBBwnc&t=281s

FYI, I'm not endorsed by Miami Coin, personally own none of it, and this video is for informational purposes only.

#BitClout
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DISCLAIMER: Everything Alec Torelli says on the CrypTorelli YouTube, his trades, strategies, and news coverage are based on his opinions alone and are only for entertainment purposes. You should not take any of this information as guidance for buying or selling any type of investment or security. I am not a financial advisor and anything that I say on this YouTube channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and personal experience. An individual trader's results may not be typical and may vary from person to person. It is important to keep in mind that there are risks associated with investing in the cryptocurrencies and public and private markets, and that one can lose all of their investment. Thus, trades should not be based on the opinions of others but by your own research and due diligence. You and you alone are responsible for all of the financial risks you take.

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