Citizen Finance is a multi-chain ecosystem that powers the next generation of NFT-based gaming, art, and decentralized finance services. The platform aims to provide economic and seamless tools to accelerate the transition into NFTs and immersive technologies and promote mass adoption.
Citizen Finance aims to solve a significant problem of the traditional gaming industry: not giving property rights to users in the in-game assets. Players are not the actual owners of these in-game assets, even if they purchase them with in-game or traditional currency. Game players don't have any control over the assets. They can't earn anything from the assets or dispose of them. Citizen Finance acts as a link between gaming and blockchain and intends to create a platform where players are the real owners of their in-game assets. This has been possible with blockchain technology that has enabled Citizen Finance to offer actual ownership of in-game assets to the players.
The platform has introduced Metalands, a first-person shooter game that offers complete ownership of in-game assets. Players can withdraw and sell their in-game assets on secondary markets, gift them and even stake them to earn CIFI tokens or use them as collateral. All the in-game assets on Metalands are in the form of unique NFTs.
CIFI is the native token of the Citizen Finance platform, which is minted through NFT staking and liquidity mining. Minting is validating the transaction, creating a block, and recording the information into the blockchain. Token holders can use the CIFI token to acquire NFTs from the secondary marketplace, stake the token to earn liquidity rewards, and pay various fees on the platform. The CIFI token is also used as a payment method for in-game currency, NFT minting fee, auctioning of NFTs, and publisher's payment for in-game ads. The token is also used for governning of the platform, paying content creator fees, featuring listing, creating protocol, and writing news feeds.