City Coins
URL = https://www.CityCoins.co
Description
Vitalik Buterin:
"CityCoins.co is a project built on Stacks, a blockchain run by an unusual "proof of transfer" (for some reason abbreviated PoX and not PoT) block production algorithm that is built around the Bitcoin blockchain and ecosystem. 70% of the coin's supply is generated by an ongoing sale mechanism: anyone with STX (the Stacks native token) can send their STX to the city coin contract to generate city coins; the STX revenues are distributed to existing city coin holders who stake their coins. The remaining 30% is made available to the city government.
CityCoins has made the interesting decision of trying to make an economic model that does not depend on any government support. The local government does not need to be involved in creating a CityCoins.co coin; a community group can launch a coin by themselves. An FAQ-provided answer to "What can I do with CityCoins?" includes examples like "CityCoins communities will create apps that use tokens for rewards" and "local businesses can provide discounts or benefits to people who ... stack their CityCoins". In practice, however, the MiamiCoin community is not going at it alone; the Miami government has already de-facto publicly endorsed it."
(https://vitalik.ca/general/2021/10/31/cities.html)