The Miamicoin project’s goal was to give Miami’s “citizens and supporters the power to support, improve and program the Magic City.” cryptocurrency
and he explained he was seeking to expand the use of crypto assets across the city of Miami. Months later, on February 2, 2022, Suarez told the public that the City of Miami received its first-ever MIA disbursement from the project, totaling $5.25 million.
. “This is a historic moment for our city to collaborate with an innovative project that creates resources for our city through innovation, not taxation.”Following the mayor’s statements, the computer scientist, internet entrepreneur, and co-founder of Stacks, Muneeb Ali,to the Miami mayor’s tweet and said: “Another reason to move to Miami.” The head of growth at Stacks, Patrick Stanley, also tweeted about the disbursement, and said that this is just the beginning.
Meanwhile, miamicoin can be staked and there’s a circulating supply of 936,606,380 MIA coins today, and a total of 3,843,950,000 can be mined into existence. Reportedly, while miamicoins are generated via staking, 30% of the rewards go to the city. During the last 24 hours, the price range of miamicoin has been between $0.00630587 and $0.00692345 per MIA.
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