Pro crypto Miami mayor, Francis Suarez, reveals planning around a program to give free Bitcoin to the residents of his city. Of course, this is due to the success of the city’s crypto project Miami Coin.
Meanwhile, during an interview for CoinDest TV, the mayor says that he’s considering wash to disburse some of the Coin’s yield to the people of the city.
More so, Miami Coin seeks to increase the city’s development by financing strategic projects.
Notably, The technical part is the job of the startup CityCoins. Meanwhile, the administrative and political aspects are directly under the city of Miami.
For now, Suarez reveals raising about $21 million from the sale of Coin tokens.
Furthermore, Residents can just buy tokens and stake them then, earns rewards in return.
Then, Coin holders can receive some benefits coming with their investment.
Moreover, the city gains profits as it is the only provider of the token.
More so, Francis Suarez plans to disburse some of the Miami Coin’s returns. Also, this is not just to Miami Coin holders but also to a broader group. Of course, the plans is to assign a Bitcoin wallet to everyone in the cityand grant coins as passive income.
Lastly, He explains
“We’re going to create digital wallets for our residents,.. “
“and we’re going to give them Bitcoin directly from the yield of MiamiCoin.”
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