Citizen Finance - A Gaming Platform with support for Non-Fungible Token and Game Finance.

Citizen Finance offers players full ownership of in-game assets. In-game assets are blockchain-based non-fungible token in which players obtains rewards for playing the game and staking the assets on the decentralized pool. With full ownership of in-game assets, users can sell them, gift them or use it as collateral.

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Introduction

The video gaming industry is still been plagued with the non existence of true ownership when it comes to in-game assets. According to NewsZoo The World’s 2.7 Billion Gamers Will Spend $159.3 Billion on Games in 2020; The Market Will Surpass $200 Billion by 2023. This is coming after $87 billion was spent in 2019 by gamers to purchase in-game assets which they have no true ownership over.

In-game assets has been one of the top revenue base of video gaming company as most games has adopted the Free-to-Play model with high demands for in-game assets. According to Forbes out of Fortnite’s $2.4 billion of revenue, over one billion was generated through the sale of in-game items. Gamers are spending billions of dollars yearly to purchase in-game assets with little or no real ownership right over it.

Citizen Finance: Meta City as a First-person shooter game will provide support for 100% ownership of in-game assets. The platform will allow players to withdraw and sell their in-game assets on secondary marketplace, gift it out to friends, stake it on decentralized pool to earn Ciphi token or use it as collateral on lending protocol.

About The Game

Citizen Finance : Meta City is a Blockchain First-person shooter game on mobile and PC. The game is centered in a fictional city called Meta City.

Plot

In the beginning, the tribes of Meta City lives in peace and harmony until the Nunakai, warrior aliens from Planet Iboria attacked the city. Some districts were lost to the invaders as well as the population who were forced into the mines, the aliens had come for Ciphi.

The last free 5 districts of Meta City came together to form the "Alliance" a union that is determine to defeat the invaders, rescue their people and preserve their rights to Ciphi mining.

Meanwhile, Meta City Company already employed a professional military contractor - Harry Lam to infiltrate Blockdown district. His mission was to gather information on the enemies and rescue some of their workers especially Natalia Ovan.

Introduction

Meta City is a portrayed as a rich city with 14 districts. The City is rich with many minerals but the most precious is Ciphi, a metal that fuels the city's technological advancement. Ciphi was discovered by Nikron Ovan the founder of Meta City Company (MCC), a company that controls 70% of Ciphi mining operations in the city.

Gameplay

Players take on the role of Harry Lam, a professional military contractor employed by MCC to rescue their trapped workers in Blockdown district. The player will have to battle the Nunakai, rescue the workers and obtain information regarding the invaders and what they want with Ciphi. Upon his death, the company was passed to his only daughter Natalia Ovan with the guidance of the 14 (rich and powerful individuals and shareholders of MCC)

The player gradually builds up own bunker and try to survive in a post apocalyptic region that is been overrun by aliens.

Battlefield

Battlefield is the multiplayer version of the game. Players takes on the role of either City Army or the Nunakai Resistance Force.

The battle between City Army and Resistance Force will be portrayed in Multiplayer form in which players will battle themselves

In-Game Assets

Every in-game asset in Meta City is a unique non-fungible token. In-game assets are NFTs that are stored on the Binance smart chain which gives players full ownership. Players will be able to use them as in-game assets to play the action-packed game, trade them on secondary market, staked them on NFT reward pools or use them as collateral to borrow other tokens.

Attributes

The most important attributes of in-game assets are it's DamagingPowa, Face Value and Rarity. The DamagingPowa is the strength of the asset, Face Value is the amount of token the owner will obtain after liquidation while the Rarity is the rareness of the asset.

Rarity

There are 6 basic Rarity which each in-game assets possess: Common, Rare, Epic, Elite, Legendary and God. Each Rarity possess unique damaging power and value in the game. God weapon is rare, players will have to try harder to obtain them.

Skin as a Virtual Commodity (SaaVC)

Weapon skins will also be represented as a non-fungible token. Since the introduction of weapon skin as virtual commodity to traditional gaming, the market has continue to grow rapidly running into billions of dollars in marketcap. Citizen Finance will also be introducing Skins as a virtual commodity into it's economy model. Players will not just be able to purchase weapon skin from primary market, they will also be able to create own weapon skin and trade using the secondary market.

By introducing blockchain into weapon skin economy, artists will be able to develop their own skin, mint it into NFT and sell directly on Citizen Finance secondary marketplace legally. The platform will be an open economy for weapon skin artist to earn income doing what they know how to do best. Skins will need to be approved by Citizen Finance team and the community through a DCC before it can be supported by Citizen Finance. There will be a number of guidelines in which artists needs to follow when developing weapon skin for the public to avoid harmful content.

Citizen Finance will also be launching CifiPowa, a web-based editor that will enable artist create own weapon skin, mint them to nfts and place on sale on the marketplace.

What is Citizen Finance?

Citizen Finance is an introduction to GameFi and true ownership of in-game assets. While acting as a bridge between the world of traditional gaming and blockchain, Citizen Finance will create a platform where players are the true owners of their in-game assets, they can stake it, resell it, gift it or simply use it as collateral.

Right to property is often classified as human right which gives every citizen the right to own property purchased using their own fund. Property can include real estate, autos and in our case virtual properties like in-game assets. The main property rights are;

Right of Control
Right of Possession
Right of Exclusion
Right to Derived Income
Right of Disposition

Till date, one of the most prominent problem in the traditional video gaming industry is denial of property right when it comes to in-game assets. Players are not the true owners of their in-game assets even if they had purchased it with in-game currency which in turn was purchased with fiat currency. What they can do with the asset is limited to the utilities of the game. The player lacks true control of their assets, can not derived income from it and also can not dispose it.

Blockchain technology has enabled some games introduced true ownership of in-game assets but the utilities for this new concept is still small and has no real impact in the industry. Citizen Finance will be introducing new concepts and utilities for in-game assets using blockchain technology

Non-Fungible Token

Non-Fungible Tokens are tokenized versions of a non-fungible asset like artwork, real estate, collectibles (in-game assets in our case). These assets possess properties and individual characteristics that make them unique and valuable. Non-fungible tokens can be used to create verifiable digital scarcity, as well as digital ownership.

NFTs are not a new concept and the first NFT-like token was the introduction of Bitcoin 2.x (aka colored coins) in 2012. While not being a new concept, the launch of Cryptokitties - a blockchain-driven platform where players have the chance to collect and breed digital cats, brought the attention of the world to this unique technology and thus began the NFT race. Cryptopunk was launched in 2017, the first project that aim to tokenize artwork using NFTs.

Why are NFTs Special?

The specialty of non-fungible tokens revolves round three (3) concept namely; Unique, Rare & Indivisible.

Unique: One major feature that makes NFTs special is the fact of it being unique. Unlike fungible token, each nft has its own unique properties (metadata) that are peculiar to one token. It's impossible for 2 NFTs in same platform to have same properties.

Rarity: NFTs are rare collectibles with limited supply. The scarcity mechanism is one thing that makes owning a non-fungible token special.

Indivisibility: Unlike fungible token, a non-fungible token can not be divided into smaller units. Bitcoin and other fungible assets can be split into smaller unit but non-fungible token needs to be bought, sold and held as a single unit.

The use case of NFTs varies depending on the business model of the platform. While for the most part, it has been used to represent arts and in-game assets but its use case are not limited to arts and gaming alone. NFTs can be used to represent company shares, bonds, real estates, membership and many others. Terra Virtua has been able to successfully implement NFTs on arts, Cryptokitties and GodsUnchained brought NFTs to in-game assets while Decentraland, The Sandbox and Spheroid Universe are giving NFTs a unique use case in the digital real estate industry.

Citizen Finance introduction of NFTs for in-game assets is mainly to promote true ownership of in-game assets and enable players to legally exchange assets between one and anothers.

Binance Smart Chain

Popularity is not the first thing to consider when adopting a blockchain network. The most important thing to consider is "if the blockchain fits into your business models and operation".

There are many blockchain out there all promising the next big thing when it comes to technology and adoption. There is no doubt that every blockchain is unique in its own way but not all business models can fit into every blockchain.

Citizen Finance as a GameFi protocol offers players the option to withdraw their unused in-game assets (non-fungible token) and stake on decentralized pools where they can earn Ciphi (CIFI) token. This mechanism will result to frequent withdrawals and deposits in and out of the ecosystem in which users will spend a lot of gas fee. Adopting a blockchain with less gas fee and fast transaction was our primary need when choosing a blockchain.

Citizen Finance is introducing something new into the utilities of in-game assets. We decided to adopt the Binance smart chain network because it is easy to understand, low cost gas fee, fast transaction and also similiar to the Ethereum blockchain.

Token Ciphi

Introduction

Ciphi is the native token of Citizen Finance platform, the token is minted through NFT staking and Liquidity mining. Users can utilize Ciphi token to purchase nfts from the secondary marketplace, use as fees to launch own skin proposal, deployment fee for Cifipowa , stake Ciphi to earn liquidity reward and also use for lending protocol.

Specification

Name: CIPHI
Symbol: CIFI
Network: Binance Smart Chain
Decimal: 18
Type: Utility and Governance
Supply: 500,000

Distribution

Mining (88%): 370,000
Presale (10): 50,000
Liquidity(1%): 25,000
Team (10%): 50,000
Airdrop & Bounty (1%): 5000

Liquidity will be locked for 6 months

Team token will be distributed in stages. 10% will be distributed in the beginning while 90% will be locked for 12 months. After lockup period, 5% of Team token will be released monthly.

Mechanism

Ciphi token can only be obtain through liquidity mining and staking of in-game assets on decentralized pool. Users who provides liquidity on decentralized exchange are rewarded in CIFI token after staking their LP.

Deduction

Citizen Finance adopts a deduction mechanism whenever a player/farmer initiates an harvest. 5% of rewards is deducted and sent to the Treasury while the player/farmer receives 95%.

Distribution of Treasury Fund

1% Team Wallet
2% Voluntary Developers
2% Reward pool

Use of Ciphi Token

Payment method for in-game currency
NFT minting fee on CifiPowa
Auctioning of NFTs
Fees for PowXR
Governance
Publisher's payment for in-game ads
and many more.

Reward & Buyback

Monetary Incentives

In other to motivate committed players of Meta City, Citizen Finance will be rewarding players with Ciphi token. Players will be able to convert their in-game currency to Ciphi token at the ratio of 1 meta = $0.01 worth of Ciphi token.

Buyback & Burn

To create more value for Ciphi token, Citizen Finance will carry out a monthly buy back using 20% of profit from primary in-game store until more than 50,000 CIFI token is completely burnt. 50% of the token purchased will be burnt while the other 50% will be sent to reward pool.

Roadmap

Q1 2021

Launch of website v1

CifiPowa beta release

Airdrop & Bounty

Release of Meta City Pre-Alpha (PC)

Q2 2021

Platform

Presale

Early Asset Offering (Kickstarter)

NFT distribution

Listing

Santa Fe

CIFI-BNB LP Pool

CIFI-BUSD LP Pool

Citizen Pool

CifiPowa

Launch of Registry

Marketplace

More development to editor

Meta City

Internal Release of Blockdown District (alpha)

Internal Release of Merchant District (alpha)

Internal Release of Norse District (alpha)

Internal Release of Port District (alpha)

Internal Release of Battlefield (Multiplayer)

Support for NFT as in-game Asset

CifiPowa X

Development of beta version

Internal Test

Public Release

Q3 2021

CifiPowa

Support Auction-style

Multiple Minting (ERC1155)

More development to CifiPowa

Meta City

Public Release of Blockdown District (alpha)

Public Release of Merchant District (alpha)

Public Release of Norse District (alpha)

Public Release of Battlefield

Reward Pool

Internal Test of SaaVC

CifiPowa X

Support NFT (CifiPowa)

Art Exhibition

More...

Detailed information:

Website: https://citizenfinance.io/

Citizen Finance Discord Channel: https://discord.com/invite/xqNxf63sHx

Twitter: https://twitter.com/citizen_finance

Reddit: https://www.reddit.com/user/citizenfinance

Medium: https://medium.com/@citizen_finance

Telegram Channel: BountyPortals Content Creators

Author:

Bitcointalk Username: Mahmoud Dahoud

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2954988

Telegram username: @Mahmouddahoud

Discord Username: Mahmouddahoud#1167

BEP-20 Address: 0x171E02F4e715faD3C4CFa2554E338987c7BC42D1

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Mahmoud Dahoud