Miami Votes to Access Over $5 Million in MiamiCoin to Improve Life Quiality of Local Residents

[Gunnar Larson]

https://u.today/miami-votes-to-access-over-5-million-in-miamicoin-to-improve-life-quiality-of-local-residents


According to FOX Business, the authorities of Miami, the city famous for
having a pro-Bitcoin mayor, have voted to gain access to more than $5
million worth of the city-based crypto, MiamiCoin (MIA).

Using these funds, elected political leaders in the city will be able to
improve the quality of life of Miami residents.

MiamiCoin is mined using Bitcoin-based crypto
MiamiCoin is a crypto based on Stacks, a Bitcoin-powered protocol, and so
far this is the first CityCoin to be rolled out.

According to the Stacks (STX) project site, MIA is mined by locking STX
coins in a CityCoins-based smart contract. Thirty percent of the STX sent
by miners goes to a crypto wallet created for each city participating in
the project. The remaining 70% can be used to earn STX and Bitcoin by
stacking coins.

Miami can now get funding in crypto that can be used by elected city
leaders to improve the lives of Miami residents, according to a recent
tweet by local pro-crypto mayor Francis Suarez.
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