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. 50% of CIFI bought will be used to incentivize holders while the other 50% will be used for creator's incentives on Powa X.
While there will be random burning of CIFI token, it is not longer a priority as CIFI token already has a low supply which is expected to support multiple applications across multiple chains. 

Tokenomics - Previous

Mechanism

Next - Applications

Santa Fe

Last modified 3mo ago

Copy link

Contents

Monetary Incentives

Buyback & Burn