Clinamenic

θερμοδυναμικός καπιταλιστής
And then you can "stack" NYCcoin to get passive income from future STX bids. After the first cycle, 70% of STX bids get channeled to those who have "stacked" their NYCcoin.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
So eventually you can recoup lost STX, provided you acquire NYCcoin. The other 30% of STX bids goes to NYC's treasury's wallet, the balance of which is publicly visible, in the proper spirit of blockchain.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
And on top of all that, you can stack STX itself to get 10% APY in, wait for it, BTC. That is the central utility to STX, if I understand correctly. Haven't looked into how to do it, but I'm sure its simpler than this is.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
So you can stack NYCcoin for passive income in STX, and you can stack STX for passive income in BTC. But again I haven't looked into the latter yet. Aside from this project, I am totally new to Stacks.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
Yeah apparently there was a bunch of NFT activity today/recently on Stacks, maybe this Megapont release, not sure.

 

Clinamenic

θερμοδυναμικός καπιταλιστής
Whats even more interesting is that projects can be built on CityCoin, so we can have municipally commissioned or maybe even permissionless development that is indirectly tied to Bitcoin.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
Our pool, brilliantly named stxtueofliberty, won the first NYCcoin block. The first NYCcoin ever minted will be distributed among members of this pool.

And we only had a 9% share of the STX bid.

Still time to join this first round, for anyone interested. Cutoff is 11:59 pm CST, I believe.

edit: so it wasn't the first block we won, but the 14th it seems. I was just looking at the block history of our pool, confusing it with the total history.
 
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Clinamenic

θερμοδυναμικός καπιταλιστής
The minimum requested contribution is 150 STX, which is around $300, but since I already have entered more than that I can add any amount you want, and you can just pay me back later.

I can set up a wallet for you, and send you the seed phrase over a DM.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
I can set up a wallet for you, and send you the seed phrase over a DM.
And for security reasons, once I do this, you should make a new wallet (with its own seed phrase), and transfer any funds to that wallet, just so your seed phrase is safe.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
@catalog you should join the discord channel for the pool. Be sure to read the pinned messages, as we've been answered the same basic questions from newcomers for days now.

 

catalog

Well-known member
OK - can you put that down in my name but i don't want any wallets or anything. or do i have to do that. i'll just send you the money at the beginning of next month when i get paid
 

Clinamenic

θερμοδυναμικός καπιταλιστής
The wallet in question has no names involved, only hexidecimal IDs. And yeah it's necessary in order to separate out your assets.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
Yeah the city will have to bid STX to get MIA, stack MIA to earn back the STX in passive income, then stack the STX to earn passive income in BTC.

Incipient cryptopolitan golden age?
 
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