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Miami Has Earned $5 Million Through Mining CityCoins
Summary: Miami mayor Francis Suarez announced today that the city received $5.25 million in cryptocurrency from its mining efforts within the CityCoins project. “This is a historic moment for our city to collaborate with an innovative project that creates resources for our city through innovation not taxation,” he wrote on Twitter. It is unclear whether those ...
Miami mayor Francis Suarez announced today that the city received $5.25 million in cryptocurrency from its mining efforts within the CityCoins project. “This is a historic moment for our city to collaborate with an innovative project that creates resources for our city through innovation not taxation,” he wrote on Twitter.
It is unclear whether those funds are for the city itself or for individual participants. Earlier statements suggest that funds will be split 30%-70% between Miami and its residents. Miami’s decision to participate in the CityCoins project was first announced in August 2021.
By Amy Liu
Tags: CityCoins,Crypto,Francis Suarez,Miami
Link: Miami Has Earned $5 Million Through Mining CityCoins [Copy]
