Use Cases of the in-game assets of Citizen Finance Project
Introduction
Creating applications and utilities for users on a blockchain-powered platform is important. Investors and crypto enthusiasts are consistently in search of emerging networks that deliver improved and advanced technological solutions and applications. By maximizing the full potentials available in blockchain technology, businesses and projects develop new techniques and services aimed at offering clients diverse and multiple uses of their platform, thereby providing value while making profits. Decentralized finance projects often target the introduction of succinct financial instruments and strategies that will aid investors and merchants to carry out their financial transactions and other related payments. Most projects within this industry usually develop a unique digital asset or token, peculiar to the network, that can perform varied functions and utilities. While the primary function is profit and value creation, these tokens usually have specified use cases performed on the platform. This is also applicable to the Citizen Finance project that is building a platform for the collaboration between blockchain technology and video gaming.
Citizen Finance is developing a video gaming platform that rewards gamers with in-game assets, which is an aspect that has been lacking in the gaming industry. Some numerous platforms and websites provide a gaming experience for users, but most do not have in-game assets or can integrate cryptocurrency. Through the integration of blockchain technology, gamers can receive these tokens by playing the action-packed and captivating games available on the platform.
Digital or crypto-assets (tokens) are majorly used as a source of revenue for clients and investors on any blockchain network, which is often a general utility across most projects in the market. However, there are several token utilities peculiar to certain networks and platforms. For the Citizen Finance platform, which is a video gaming platform developed on the blockchain, the in-game assets are specifically used for about for cases, which include game playing, trading, staking, and collateral.
Play
As a gaming platform, the assets available to players during in-game activities can be used to play different games. The tokens enable users to gain access to most of the action-packed and thrilling games, especially the Meta City FPS game. Gamers can use their assets to activate advanced game levels or difficulty and enjoy all the fun. This token utility is peculiar to the Citizen Finance platform.
Trading
Swapping and trading tokens is one of the most common practices within the cryptocurrency and blockchain industry. However, not all crypto assets are listed and available for trading on decentralized exchange platforms. For the in-game assets of Citizen Finance, players can exchange the tokens for other cryptocurrencies or fiat currencies on secondary marketplaces or DEXs.
Staking
Another use case for the in-game assets is staking protocol. Participants of this project can stake their untouched assets on decentralized pools to receive Ciphi tokens. The longer period they stake these tokens, the higher earnings they will get.
Collateral
Access to funds for special or individual plans can be obtained using the in-game assets. Investors and community members can use their tokens as collateral to receive loans and grants from the network.
USEFUL LINKS
Medium :https://medium.com/@citizen_finance
Reddit :https://www.reddit.com/user/citizenfinance
Twitter :https://twitter.com/citizen_financehttps
Dicord:https://discord.com/invite/xqNxf63sHx
AUTHOR'S DETAILS
Bitcointalk Username :Cablestand
Bitcointalk profile link :https://bitcointalk.org/index.php?action=profile;u=2767546