But what we didn’t see coming was that the city would launch its own cryptocurrency. The goal here is to use the digital currency to help raise money for city initiatives. And in the process, the city hopes to lure in entrepreneurs and generate a new tech boom. For now, this is not supported by commercial exchanges, so the availability is pretty limited. If you track down the daily changes, you will see that there are ups and downs.

However, with a stead growth over the past three months, MIA has the potential to grow further and may yield some very decent gains. Follow the next step to finish your identity verification. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn’t take more than 15 minutes to finish. To use the Stacks protocol, however, you’ll need to buy STX. In the same way you need to buy ETH (Ethereum’s native token) to purchase NFTs that run on the Ethereum blockchain, you’ll need to buy STX (Stacks’ native token) to acquire Miami Coin.

What is the MiamiCoin price?

MIA has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. MiamiCoin is the first CityCoin to market, going live on June 8, 2021. MiamiCoin is a cryptocurrency powered by the Stacks Protocol, which enables smart contracts on Bitcoin. Well, unlike the Ethereum blockchain, you can’t build apps or NTFs on top of Bitcoin.

MiamiCoin cost is figured to arrive at the most minimal conceivable degree of $0.11 in 2025. According to our discoveries, the MIA cost could arrive at the greatest conceivable degree of $0.13 with the normal conjecture cost of $0.11. The cost of 1 MiamiCoin is relied upon to reach at the very least degree of $0.073 in 2024. The MIA cost can arrive at the greatest degree of $0.086 with the normal cost of $0.076 all through 2024.

Latest News for MIA

While buying cryptocurrency can seem intimidating, BitPay makes it easy for novices and tenured crypto enthusiasts to buy crypto. You can buy crypto instantly in the BitPay app or through the BitPay website online. Select the amount you want to convert to crypto and the cryptocurrency you’d like to buy. Enter your wallet information to confirm where you’d like to receive your crypto. BitPay partners with multiple partners to offer you the best possible price on your crypto purchases.

• According to the cryptocurrency exchange OKCoin, Miami Coin is currently trading at roughly a third of what it did in November.
• A paper wallet is a type of free cold wallet, it’s basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe.
• You can take this as a trade-off to using a trusted platform to make your first crypto purchase.
• No matter if you’re buying or selling, our simple machines provide easy-to-follow instructions to ensure all of your transactions are safe, secure and quick.
• Federal law prohibits cities from creating their own currencies.

Miami city officials are crossing their fingers that Miami Coin will help generate millions of dollars in revenue to fund local projects. This January, Stacks announced it had completed the process to become a cryptocurrency and that U.S. exchanges could now trade STX. The price of each CityCoin serves as a feedback function to signal which cities are doing it right. With the launch just days away, we’ll see how Miami responds. Theoretically, there is no end in sight for how much revenue the city’s Miami Coin can bring in.

Aventura Jewelry & Coin, Inc.

This is one of the examples of how embracing cryptocurrencies can be helpful for the people and authorities in the same city. It’s interesting to see Miami’s city government embrace crypto at a time when some countries are banning cryptocurrencies. It’s led to concern over a potential Dogecoin (DOGE) ban in the US, which would throw a spanner in the works of the DOGE-ETH bridge. In short by locking up your Mia coin it provides liquidity to the Coin and in return you’ll earn STX in compensation. OkCoin actually let’s you stake your STX to earn Bitcoin at 10% APY which is very appealing. Launched in 2018, WazirX claims to be India’s fastest growing cryptocurrency exchange with over 400,000…

• And in the process, the city hopes to lure in entrepreneurs and generate a new tech boom.
• You can now buy AGLD, BNT, DIA, GHST, KP3R, LDO, PERP, and TRB against USD on Okcoin.
• According to our discoveries, the MIA cost could arrive at the greatest conceivable degree of $0.85 with the normal conjecture cost of $0.76.
• Built on platforms adjacent to Bitcoin, MiamiCoin (MIA) is being built on CityCoins powered by Stacks—a protocol that enables smart contracts on the Bitcoin network.
• Delivered quickly to any wallet, no hidden fees or third-party custody.

They pride themselves on their customer dedication, honesty and loyalty. They hope that one day, people won’t have to pay taxes, because they will all invest in the city’s funds, as an act of philanthropy – all for their better life and for their poor neighbors. Also, that means people can use it to pay for food and goods, and they need to have a separate crypto wallet, so they can use it in the city. Some sources claim that a few million dollars are already relocated to the city’s budget for this purpose. Hopefully, the people from Miami will live a tax-free life one day.

It will take several minutes before STX hits your Stacks Wallet, so don’t fret if it doesn’t come right away. Once your STX has hit your Stacks Wallet, it’s time link your wallet https://crypto-trading.info/what-moves-ripple-xrps-price/ to the Miami Coin platform. Click on “I’m new to Stacks.” Follow the prompts to complete the onboarding process. Make sure to guard this with your life and keep it somewhere safe.

MiamiCoin is the first CityCoin to market

In it, crypto expert Andy Snyder helps potential investors find investment opportunities of all kinds. Whether you’re brand new to crypto or are just looking for deeper research it’s an invaluable resource delivered right to your inbox. All you have to do it enter your email address in the box below to get started. As an experiment, Miami Coin certainly has the attention of the crypto-verse. Though the barrier to entry is a little high at the onset. It’s safe to say that most crypto investors aren’t prone to getting into the mining process.

Unlike many dealers, Atomic Gold has refining, smelting and assaying capabilities in house including the extremely accurate fire assay. They do transportation and trading for refineries and mines. Atomic Gold trades in bars, coins and grains of all four major Precious Metals https://bitcoin-mining.biz/transport-layer-security-tls-protocol-overview/ and they deal with everyone from collectors to large-scale operations. The only coin and bullion dealer in Pinecrest, Miami Mint provides a fun and easy way to buy and sell Gold and Silver coins and bullion. They also buy and sell Gold and Silver jewelry and scrap.

Will Miami Be the Next Tech Hub? CityCoins to Launch First City Token

I agree to print out a copy of the Customer Agreement, sign it and return it to Rosland Capital at the address below, together with the applicable funds. The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. To help you get started, we’re sharing one of our expert’s top picks for free — simply click here to start your crypto journey today. “This could actually be a solution to some of the long-ailing problems of city finances, where high-performing cities are not compensated adequately in terms of tax dollars,” Subramanian says.

Choose the best rate and pay with credit card, debit card, Apple Pay or Google Pay. As with any investment, be sure to take proper risk management before investing in highly speculative assets like Miami Coin and other cryptocurrencies. If you’d prefer to buy Miami coin, you’ll have to wait; City Coin is kicking off Miami Coin by allowing users to “mine” them, first.

Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. The idea is that individuals can use STX to mine MiamiCoin, and 30% of the revenue will go to Miami. The city can use that cash to fund any projects https://cryptonews.wiki/why-is-bitcoin-price-dropping-drop-in-cryptocurrency-price-explained-as-bond-yields-increase-2020/ it wishes, including, according to Mayor Francis Suarez, helping the homeless or funding policing initiatives. But there is a bit of a lottery aspect to this process as well. While anyone can compete to mine Miami Coin, once per block, a winning miner is selected at random.

Dollar, carrying less volatility than traditional cryptocurrencies. Socially engaging, CityCoins is calling on all mayors to #pickupthebag for their respective cities. CityCoins enables holders to mine and stack their coins while supporting their city. As the first CityCoin, MIA will be used through the Stacks protocol. Miami’s mayor, Francis Suarez, is a vocal supporter of Bitcoin and digital assets.

Miner fees are amounts of cryptocurrency given to incentivize miners to confirm transactions. Miner fees don’t go to BitPay, but directly to miners that confirm and secure transactions by adding blocks to the blockchain. Miner fees will vary depending on how congested the network is and the size of your transaction. Simply enter your credit card details as a payment method and complete the transaction as you would any other payment method. Even if you don’t have a credit card, you can still buy crypto with a debit card through BitPay.