Miami city commissioners vote to accept $4.5M in MiamiCoin

TL;DR Breakdown • The MiamiCoin will serve for mining clean BTC.• The funds approved in the token will be used for green crypto mining and cryptocurrency education. Cryptocurrencies arrive in Miami with their MiamiCoin that has gained a lot of popularity throughout the year. In less than a month, the crypto accumulated over $4.3 million in contributions by the crypto enthusiasts of the big city. On Monday afternoon, the delegates in the city reached a consensus in which it was possible to approve funds linked to the token. In this way, the Miami cryptocurrency enters virtual commerce promising several novelties. MiamiCoin: The cryptocurrency that dominates in the magic city Since the beginning of the year, the city of Miami has given priority to cryptocurrencies. The coin was created by CityCoins Inc who has given a large part of its capital to the crypto plan. However, the token will not belong to the company but will work with a decentralized network. This will make the token listed with other cryptocurrencies. MiamiCoin can be obtained in mining farms, like Bitcoin, with 30 percent of its profits going to the city. The only thing missing was for the delegates in Miami to approve the wallet where the tokens would be stored. After the announcements, everything indicates this objective was fulfilled. The token’s price is linked to the value of another crypto, Stacks, whose currency maintains a price of $1.50. The circu...