City Tokens
City Tokens in the Unit Network ecosystem are crafted to uplift urban communities and generate value.
Inclusive DAO:
Each City Token functions as an inclusive decentralized autonomous organization (DAO), bringing together individuals, businesses, and communities within a city.
Currency and ETF:
City Tokens serve as both a currency, backed by Blue Chips, and a reverse ETF, allowing investment in a city's growth with a single token.
Creation and Verification:
Unit Foundation exclusively creates City Tokens, ensuring authenticity verified by checking the token manager's username on the Tokens Info page.
Use-Cases:
Purchase Power: City Tokens enable purchases at community stores within the City Token ecosystem.
Payment Medium: They facilitate transfers between users.
Treasury Contributions: City Token Treasuries receive 0.5% from all City Token trades.
Reserve ETF: They represent all tokens within a specific city, accessible as a Reserve ETF.
Community-Led Governance:
Unit Network core team members actively participate in at least one City Token DAO, overseeing setup, management, and community communication.
Responsibility for City Token bank and treasury management will gradually transition to specific core team members over time.
Tokenomics:
All City Tokens follow a unified tokenomic structure established by the Unit Foundation, ensuring consistency and transparency.
Resilient Backing and Sustainable Growth:
Backed by Blue Chips akin to the UNIT Coin, City Tokens mitigate risks.
90% of City Token sales are locked in the treasury, reducing downsides.
City Token Treasuries receive a 0.5% share from all trades, enhancing value sustainability.
City Tokens drive community empowerment, urban development, and sustainable value through robust backing and community-driven governance within the Unit Network ecosystem.
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