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#11: Andre Serrano, Community Lead @ CityCoins | The story behind MiamiCoin & how it helps people invest in & co-create their favorite city
Web3 Talks: Stories & Tips from the Builders
How Does City Coin Mining Work?
When a user decides to mine a city coin block, they are sending stacks to a smart contract. And once they do that, those funds are not returned. They are transferred where 30% of the funds goes to the city's treasury wallet. That's where the city is able to accrue this new revenue stream and 70% is going towards people who are stacking their city coin.
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