One Article To Learn Free City
2023-04-24
Free
City is a virtual city-state that is governed by web3 blockchain
technology. It is a comprehensive DeFi application that integrates
GameFi, NFT, and Metaverse.
The
aim of Free City is to create a perfect city of freedom and democracy,
brimming with human idealism. With the rapid development of metaverse,
blockchain, and AI technology, people are curious and bewildered about
the future. Free City is eager to provide every user who has
expectations of web3 with an opportunity to embrace the meta-universe
and catch the blockchain trend through web3 and blockchain technology.
How Free City Works?
Free
City is a decentralized virtual world that allows users to create their
own digital identities, interact with other users, and participate in
various activities such as gaming, trading, and socializing.
It
is built on the Binance network, which ensures transparency, security,
and immutability of all transactions and interactions within the virtual
world.
Free
City is also a DeFi application, which means that users can earn
rewards and tokens by participating in various activities within the
virtual world.
Free
City operates on a decentralized blockchain technology layer, which
ensures the security and transparency of data and enables the use of
smart contracts, digital currency, and data storage.
Metaverse
The
Metaverse layer utilizes 3D modeling technology to create an immersive
and interactive experience where users can have their own roles,
interact with others, and participate in the construction and management
of the city.
DeFi
The DeFi
layer includes GameFi, NFT, and Metaverse applications, allowing users
to purchase and change NFT assets and use digital currency for
transactions, shopping, investing, and earning money.
AI
The AI technology layer introduces smart contracts and robots to provide users with efficient and convenient services.
DAO
The Community Governance layer
adopts a decentralized model, promoting democratized decision-making
and shared governance for a free, fair, and transparent ecosystem that
encourages user participation in the city’s construction and management,
leading to its sustainable development.
Free City Tokenomics
Free
City adopt a dual-token model, one is FRC token and the other is REC
token. FRC token is the stable coin in the ecosystem, and REC token is
the utility token.
FRC
Name: Freedom currency
Symbol: FRC
Total Supply: 1,300,000
Network: BNB Chain
Decimals: 8
Contract: TBD
REC
Name: Rare earth coins
Symbol: REC
Total Supply: 10,000,000
Network: BSC
Decimals: 8
Contract: TBD
The
benefit of a dual-token model in Free City is that it allows for a more
flexible and democratic governance structure. The stable coin gives
users a voice in the decision-making process, allowing them to vote on
proposals and make decisions regarding the platform’s future. This
ensures that the platform evolves according to the needs and desires of
its users.
The
utility token, on the other hand, provides a means of exchange within
the platform, allowing users to pay for transactions and fees. This
creates a self-sustaining ecosystem, where users can earn rewards for
participating in the platform’s activities and use those rewards to pay
for future transactions and fees.
Additionally,
the dual-token model can help to stabilize the price of the tokens. The
stable token represents a stake in the platform and its future
potential, while the utility token represents the value of the
platform’s services. By separating these two functions into separate
tokens, it is possible to create a more stable pricing structure that is
less susceptible to fluctuations in demand or supply.
Free
City is a virtual city that is governed by web3 blockchain technology.
It is a comprehensive DeFi application integrating GameFi, NFT, and
Metaverse.