How to buy Miami Coin get Magic City’s new cryptocurrency

It’s a layer-2 solution, so it operates on top of the existing blockchain. Smart contracts are small pieces of code that make a blockchain database programmable. One of the downsides of the Bitcoin ledger is that it can’t store smart contracts, so if the Stacks technology works, it could add a great deal of utility to Bitcoin. You can store coins on exchanges after purchase but we recommend using a dedicated wallet for security and long term storage. They are the best choice for those storing a lot of value or planning to hold long term.

To acquire Miami’s new cryptocurrency, you won’t be able to purchase it — at least, not yet. Honestly, I was supposed to have this post finished before Halloween. So while the spooky season is over, this collection is still incredibly popular (currently #10 on… Check out this post which is one of the most popular of all time. MIAMI (MIAMI) is on the Ethereum network (ERC-20) so it can be stored using any ETH compatible wallet.

How do you get MiamiCoin?

“There are no hardware requirements for mining [Miami Coin],” CityCoin said. “All you need to do is transfer Stacks (STX) tokens to [Miami Coin’s] smart contract.” However, if you have reservations about a portion of your earnings being funneled straight into Miami’s digital wallet, you may want to reconsider Miami Coin. How this works is Miami Coin can be locked on the Stacks protocol for a voluntary period of time. This reward comes from the remaining 70% of forwarded STX tokens generated from Miami Coin miners. It’s just two months since the city hosted Bitcoin Miami and promised to become the Bitcoin (BTC) capital of the world.

• 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 like to get updates about the cryptos moving the greater markets and poised to pop, we suggest signing up for Manward Financial Digest.
• “If Alice sends 10 STX to the contract and Bob sends 30 STX, then Alice and Bob have a 25% and 75% chance to win the rewards for that block, respectively,” CityCoin explained.
• It’s hard to imagine a city embracing cryptocurrencies more than Miami is right now.
• The action you just performed triggered the security solution.

We’ve found one company that’s positioned itself perfectly as a long-term picks-and-shovels solution for the broader crypto market — Bitcoin, Dogecoin, and all the others. In fact, you’ve probably used this company’s technology in the past few days, even if you’ve never had an account or even heard of the company before. MIA owners can lock in the remaining 70% of the money to earn rewards in Stacks and Bitcoin. It is unusual to be able to earn Bitcoin rewards in this way.

Miami to Launch Its Own Cryptocurrency, MiamiCoin

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How to Stack Miami Coin

All you have to do it enter your email address in the box below to get started. CityCoins has built MiamiCoin using a programmable blockchain called Stacks (STX). Starting August 3, people can mine MIA, a process that generates new coins and supports the network.

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. “We will update the community when $MIA becomes available on certain trusted exchanges,” CityCoin said. Buy & sell MIAMI (MIAMI) with fiat currencies (USD, CAD, AUD, EUR, GBP etc) or another coin such as BTC or ETH. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. She began her editorial career at a financial website in the U.K.

MiamiCoin

Matthew Makowski is a senior research analyst and writer at Investment U. He has been studying and writing about the markets for 20 years. He is a graduate of Rutgers University and lives in Colorado with his dogs Dorito and Pretzel. But the next big step will be for Miami Coin to make its way onto some of the decentralized exchanges like Uniswap of PancakeSwap.

Learn more and get started today with a special new member discount. You’ll never be able to spend MiamiCoin how to make money in stocks: a winning system in good times and bad as a currency in the city. Federal law prohibits cities from creating their own currencies.

What is Stacks?

“It’s possible that this can be another form of revenue for cities. If this is confusing to you, don’t worry; I’ll break it down for you. For example, you can mine Dogecoin with your PC and earn DOGE as an expression of gratitude for lending your hardware power. Miami is one of the most cryptocurrency-friendly cities in the US.

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Miami city officials are crossing their fingers that Miami Coin will help generate millions of dollars in revenue to fund local projects. Keep an eye out for MiamiCoin (MIA) on trusted exchanges once the cryptocurrency token lists. In order to be notified of when and where the listing will take place, be sure to join the MiamiCoin mailing list. There has been a lot of interest over the last two months in Miami Coin. How to buy Miami Coin is question that people are asking on sites like Reddit and across the internet. We’ve written a lot about Miami Coin on this site including how it works and with good reason.

According to CityCoin, all you need to do is transfer Stacks tokens to the Miami Coin smart contract. This makes it a lot easier to mine than say, Bitcoin, which requires some seriously high-end equipment. The only catch is that in order to use the Stacks protocol miners will need to buy Stacks tokens (STX). From there, 30% of miners’ forwarded STX will go to the aforementioned Miami city wallet.