BSCDaily.com hosts Citizen Finance: A multi-chain platform which focus on next-generation utilities for NFTs
BSCdaily – Admin: Hello and welcome to BSC Daily, @citizenfi! How is your day?
citizenfi: My day is going well and I am glad to be here.
BSCdaily – Admin: Happy to hear! Ready to start our AMA?
citizenfi: Sure, already excited about it.
BSCdaily – Admin: Nice
Q1: What is Citizen Finance all about? Give us a little summary
citizenfi: Citizen Finance is a multi-chain platform which focus on next-generation utilities for NFTs. The platform consists of an open world FPS game with NFT elements, an immersive NFT marketplace with mobile app and a decentralized finance protocol with NFT at its core. Compared to the NFT era of 2017/2018, there is no doubt NFTs in this era lacks real utilities as in the past, NFTs played a good role in virtual real estate and gaming projects. We also wish to introduce next-generation utilities to NFTs.
Q2: Could you tell us a little bit about yourself and your team? What are your past experiences?
citizenfi: My name is Alexis Office, I am the founder of Citizen Finance and Product owner of CifiPowa. As a technophile, I have always pay attention to and investing in emerging technologies such as Augmented Reality, Virtual Reality, Artificial Intelligence, Blockchain and NFTs. I started investing and studying crypto before 2017 as an individual investor and I am proud to be among the early adopters of NFTs in 2017/2018. I devoted myself to the cryptocurrency industry in 2018, worked with different big projects before founding Citizen Finance.
Currently, Citizen Finance is a 12 member strong team from 4 continents. Our developers are all experience due to years of development. Citizen Finance grew from a small indie game studio to a team of experience blockchain and game developers with some working for big AAA titles game and some going far as representing their nations in competitions.
Q3: Why did you and your team decide to build Citizen Finance?
citizenfi: Coming from a background of a small indie studio (team) and a technophile (Me), We felt the current traditional gaming industry and the NFT industry (especially arts) needs more improvement. Gamers spend billions of dollars purchasing in-game assets which they have no ownership right even though it was purchased using fiat currency. Also, the NFTs industry is lacking some sort of interaction. Art is meant to be interacted with especially through exhibition and showcasing but the current NFT industry treats NFT art like an ordinary erc20 token combined with rich metadata to form an erc721/erc1155 token. There are beautiful art collections lying in some else wallet like a fungible token because there is really nothing to do with it aside buying and selling. We decided to integrate blockchain on traditional games and immersive technology on NFT arts which will not only bring those artworks alive but will also introduce interaction between collection and the collector. Covid19 gave us a firm position when we noticed the art and fashion were suffering as a result of lockdown. We decided to build a platform secured by blockchain and interactive by immersive technology. Artwork can be fully showcased indoors and outdoors via our mobile application.
Q4: Let’s dive into your token $CIFI. Can you share with us your tokenomics? And what are some of $CIFI use cases?
citizenfi: Citizen Finance native currency is called “CIFI”. The token which has a maximum supply of 500k will be the main currency of the platform. While taking advantage of the IDOs concept, 20% of our total supply was issued out to then general public on May 22nd with SuperLauncher with a 100% success rate. We added a 50% of our raised amount as liquidity which was locked for 6 months and on a 3/4 multisig wallet.
CIFI token is an already audited token with 3/4 multisig function which prevents minting of excess token (though team has no intention of doing so).
As a native currency to the platform, CIFI play a huge role and can be utilized in;
– Purchase of NFTs
– Creating of our Gallery (Free for ERC1155)
– Minting of items (Free for ERC721)
– Purchase of Credits for Exhibition
– Crafting of weapon Skin
– Minting of Tokenized Art
– Purchase of in-game assets
– Payment for immersive advertisement fee
– And many more.
In some cases like purchasing of NFTs, other currency can also be used but only when CIFI is used will the seller receive 50% off transaction fee and the buy receives 50% of transaction fees as cashback.
There are less than 90k CIFI in circulation right now, full details can be gotten from Coingecko.
Q5: Does $CIFI get audited?
citizenfi: Yes, already audited by Solidity Finance. This can be considered as our first audit, more audits will be carried out by top Audit firm in future.
Q6: Where can we buy $CIFI?
citizenfi: Currently, CIFI is trading on Pancakeswap https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x89f2a5463ef4e4176e57eef2b2fdd256bf4bc2bd
Q7: What can we expect in the next 3 months and in 2021 as a whole?
citizenfi: The platform has been developing its products since January 2021 and we are already close to breakthrough. Unlike some projects that are building on existing concept, Citizen Finance products are untested waters which require a lot of testing and playtesting. In 3 months time, a lot would have been achieved. When I say a lot, I am referring to:
– Fully immersive Marketplace supporting ERC721, ERC1155, Fixed and auction trading system
– Alpha version of Metalands with Weapon skin crafting, action-packed multiplayer version in more than 4 maps with different gameplay, Play to earn features, Bunker system (social fun and party system on your own bunker with other players, strictly by invitation), NFts deposit and withdrawal supports and redeemable in-game currency.
– Fully developed Powa X mobile with Events schedule, on Scene AR items, Nifty Go (AR credit and NFT hunting), followership, withdrawal of credits, free and paid views and content creator reward program.
– Launch of CifiPowa on Polygon, Solana and HECO chain (fully supported by Powa X)
– Genesis NFT staking to earn CIFI token
These are the ones currently under development which will be done in 3 months time.
In 2021 as a whole, we should be available in more than 4-5 chains to offer full services to everyone irrespective of your favorite chain, NFT collateral system, Alpha version of Metalands Story mode (Blockdown districts only), Dividend pool for $CIFI holders and new items into Metalands primary store.
Q8: Where can we find out more about Citizen Finance?
citizenfi: You can join our discord server https://discord.gg/xqNxf63sHx, read our document https://docs.citizenfinance.io, join our secondary community https://t.me/citizenfinance or follow us on https://twitter.com/citizen_finance.
BSCdaily – Admin: With this we are now at the end of our AMA session with Citizen Finance
Time for wrapping up, any last words you would like to say to our community? @citizenfi
citizenfi: Thank you guys for having me here. There are lots of questions I couldn’t answer due to lack of time and number of questions, if you want to learn more about Citizen Finance, I will be delighted to reply your questions on our Telegram group https://t.me/citizenfinance.
BSCdaily – Admin: Thank you so much for spending time with our community & all the very best for Citizen Finance