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Start mining NYC & MIA today! Learn more

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MIAMICOIN

MiamiCoin gives citizens and supporters the power to support, improve and
program the Magic City.
Get MIA


🚀 Start mining MIA today!




MIAMICOIN IS THE FIRST CITYCOIN TO MARKET, BUILT TO SUPPORT THE MAGIC CITY WHILE
REWARDING ITS HOLDERS THROUGH THE STACKS PROTOCOL.


HOW IT WORKS

CityCoins are powered by Stacks, a protocol that enables smart contracts on the
Bitcoin network.


STEP 1

THE COMMUNITY MINES TO CREATE MIAMICOIN

Mining MiamiCoin is performed by forwarding STX tokens into the smart contract
in a given Stacks block, and is a one-way process. Miners are rewarded with new
MIA tokens.

STEP 2

STACKERS RECEIVE THE STX SPENT TO MINE MIAMICOIN

70% of mining rewards are distributed to people who chose to stack their
MiamiCoin (Stackers).

STEP 3

MIAMI’S DONATION GROWS

30% of mining rewards are sent (in STX) to custodied reserve wallet for the city
of Miami.

The city can claim this and convert their STX to USD whenever they want.


MIAMICOIN IS THE FIRST CITYCOIN TO MARKET

Start mining MIA today!
Get MIA



LEARN MORE ABOUT MIAMICOIN


WHAT IS MIAMICOIN?

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MiamiCoin is the first CityCoin to market, going live soon. MiamiCoin is a
cryptocurrency powered by the Stacks Protocol, which enables smart contracts on
Bitcoin.

MiamiCoin (MIA) is a way for people to support the Magic City and grow its
crypto treasury while earning STX and BTC for themselves.

MiamiCoin provides an ongoing crypto revenue stream for the city, while also
earning STX for MIA holders. MiamiCoin can be mined or bought by individuals who
want to support the Magic City and earn crypto from the Stacks protocol.
MiamiCoin additionally benefits holders by allowing them to Stack and earn BTC
through the Stacks protocol.

The city of Miami can elect to use its growing crypto treasury to benefit the
city and its constituents — think new public spaces, improvements to
infrastructure, hosting city events, recruiting startups, and more.

Get MIA



WHY MIAMI?

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Miami has long been a center of culture and innovation in the States. In the
last year, we have witnessed it take center stage as a technical powerhouse
among major US cities, particularly in the realm of crypto and blockchain
technology. Developers and entrepreneurs have moved to the city en masse under
the recognition of strong network effects, a supportive government, and a
culture defined by constant evolution and disruption.


HAS THE CITY OF MIAMI PARTNERED WITH CITYCOINS?

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The city of Miami has not partnered with CityCoins. CityCoins are grassroots
initiatives. As communities grow around CityCoins, they can encourage their
mayor to claim the reserved city treasury wallet and begin putting its funds to
use.

30% of the STX that miners forward in order to compete in the earning of
MiamiCoin will go directly to the wallet reserved for the city. The city of
Miami may decide at any time to claim the wallet’s funds.


WHAT IS THE MIAMICOIN TREASURY? HOW CAN MIAMI USE ITS TREASURY?

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The MiamiCoin treasury consists of STX, which is sent by miners when they
forward the funds to a Stacks smart contract for the right to compete in a
mining competition. 30% of the STX forwarded by miners makes its way into the
city treasury. Whenever the city wishes, they may access their reserved STX
inside the wallet. At that point, Miami may use its treasury for whatever it
deems fit and compliant.


WHAT CAN MIAMICOIN HOLDERS DO WITH THEIR COINS?

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Anyone can mine MiamiCoin, program MiamiCoin via smart contracts, and even earn
BTC from the protocol as it gets more usage. MiamiCoin is a new way for
developers to create applications and experiment with innovative use cases.

Developers can create apps that use MiamiCoin for access control (to digital or
physical spaces), trading, lending, smart contract execution, and much more.





HOW DO YOU GET MIAMICOIN?

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MiamiCoin launched and the contract is active! Miners can compete to mine
MiamiCoin by forwarding STX to a Stacks smart contract, at which point the block
winner will be chosen at random weighted by the amount of STX forwarded.

CityCoins
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