CityCoin is a concept that enables individuals to purchase tokens and invest in a city. It collaborates with local governments to reward investors in Bitcoin or Stacks, the native money of the Stacks protocol, which is used to create things on the Bitcoin blockchain.
How MiamiCoin works
MiamiCoin, according to the CityCoins website, generates STX and BTC returns for $MIA holders while simultaneously providing a continuous crypto-cash stream for the city. According to the statement, individuals who wish to support the Magic City while earning crypto income from the Stacks protocol may mine or buy MiamiCoin. Holders of MiamiCoin may also profit from the Stacks protocol, which allows them to Stack and earn yield.
When MiamiCoin and other CityCoins are launched, anybody may mine them.
If the idea takes off and more people start holding it, investors will earn Bitcoin passively just by having MiamiCoin. This is because MiamiCoin is based on Stacks, a crypto project that enables users to lock their tokens and receive incentives to keep the system operating.
https://mycryptoparadise.com/miami-preparing-to-launch-its-cryptocurrency-with-users-being-rewarded-in-bitcoin/