Philadelphia gives CityCoins the green light - 0 views
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John Kiff on 03 Feb 22Philadelphia is exploring a partnership with CityCoins. CityCoins offer people a way to support their city and grow its crypto treasury while earning bitcoin and the native Stacks (STX) tokens for themselves. Current iterations include MiamiCoin and NYCCoin. The idea is that city residents mine STX tokens, with 30% being deposited into a digital wallet for use by the designated city. The tokens can be used for whatever the city deems fit, and holders can convert them to bitcoin.