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Two months after the launch…the “MiamiCoin” protocol generates 10 million dollars for the city of Miami

Two months after the launch…the “MiamiCoin” protocol generates 10 million dollars for the city of Miami

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Answer Two months after the launch…the “MiamiCoin” protocol generates 10 million dollars for the city of Miami

It’s been two months since MiamiCoin (MIA), the original cryptocurrency for the city of Miami, was launched, and the protocol has already generated $10 million in profits for the city.

MiamiCoin is powered by CityCoin using the Programmable Blockchain (STX).

Revenue figures show a rise in mining activity in the region.

According to the official announcement, 30% of the recoveries went via mining to the city of Miami.

This means that the $10 million is only 30% of the total revenue generated by MIA mining.

According to the mayor of Miami, all this money should go to the development of the city and the welfare of the people.

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Several press reports have suggested that Miami Mayor Francis Suarez should be commended for creating a new revenue stream for the city.

Last week on a podcast with Anthony Pompliano, Mayor Suarez said the protocol has the potential to completely offset the city’s tax budget.

The growth rate of the MiamiCoin ecosystem and protocol has been phenomenal.

The rapid growth of the “Miamicoin” protocol:

Pompliano explained that only three weeks ago, the city of Miami began officially accepting donations via the MiamiCoin protocol.

In that time, the protocol brought in $4.3 million for the city.

The city of Miami has made an additional $6 million in just the last three weeks.

The same speaker adds:

Best of all, “MiamiCoin” is built on Bitcoin through a smart contract thanks to “stacks”.

If you are building a new kind of civilization, it makes sense to settle on Bitcoin as a base layer, because Bitcoin is ubiquitous, decentralized and immutable.

Regardless of that revenue, Bomb says the City of Miami is earning millions of dollars in bitcoin by allocating STX earned and without taxing any participants.

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Miami Mayor Francis Suarez has been very vocal about his support for bitcoin and cryptocurrencies.

Amid China’s ban on bitcoin mining, Suarez is offering to attract bitcoin miners and give them a base to set up their operations.

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