Bitcityz, a Decentralized FediverseFi Platform inspired by SocialFi network trend upon Web3 technology, is set to launch its platform for the first time at https://bitcityz.com/welcome.
The concept of SocialFi has been on the rise since the explosion of the NFT market. Beyond that, the FediverseFi is believed to become the future of SocialFi. This concept is known as a network of platforms whose principal purpose is publishing and sharing content. The idea is to give back to people the control of their social identity. For example, when users post something on Twitter or Instagram, the content is imprisoned on their platform, so-called “walled gardens”. In the social space of Bitcityz, people are free to create their content and at the same time, fully control their creativity.
Bitcityz is a great combination between Fediverse and Decentralized Finance with a vision to build a site that can offer crypto lovers a full suite of blockchain-related features like market updates, trading signals, in-depth research, and blockchain courses. Following the roadmap, the team is planning to integrate the ActivityPub protocol to enable the connection between different SocialFi and decentralized platforms, for example, PeerTube (video-hosting & streaming), Fundkwhale (storage audio archive),…It’s known that the current Socialfi and Fediverse market make up over 11 million people in total, which caters a great opportunity for Bitcityz to reach its goal of 1 million Bitcityz users in the next 3 years when pioneering this trend.
What is more interesting about Bitcityz is that there are numerous user-friendly functions for content creators and crypto users as follows:
User-generated content: Bitcityz’s citizens are encouraged to freely create their content and then fully control their content and creativity.
Profit-generated mechanism: Bitcityz’s ecosystem has two types of tokens: BCTZ and BCTY with different functions. BCTZ is used for upgrading accounts and swapping to BCTY while BCTY is only for DAO purposes. The economy is designed to allow everyone to earn extra income through many functions such as:
- Read to earn: While the users enjoy the content produced by the creators, they can earn BCTY token by the read-to-earn feature,
- Staking: users can stake BCTY tokens to accumulate more interest.
Security and privacy: Your identity is completely confidential in a blockchain-powered platform Bitcityz.
DAO mechanism: Every citizen in Bitcityz space plays a crucial role in developing the platform. Users, by doing quests, can collect the governance tickets by holding BCTY tokens to vote for the rules and regulations in the ecosystem as a whole.
“Who will take away 1 million users of Twitter? – Bitcityz is the future of SocialFi” Steven Cao – Bitcityz’s CTO.
In the first introduction to the community, Bitcityz offers three exclusive functionalities, including:
Feed: open space where people can connect, make friends and share in common with others, especially crypto experts. Similar to traditional social networks, Feed is the most basic interface of Bitcityz, allowing users to view information such as:
- Latest updated status of the trader or expert
- Recommended experts
- Highlight signal
News: a site user can glean knowledge from experts’ sharings or in-depth articles and at the same time, boost their passive income with the “Read to Earn” feature.
Signal Hub: an open but official group for both crypto novice and experts to share trading signals or investment suggestions.
With all these unique features offered by Bitcityz, the platform aims to create a social space for the community and users to not only share their knowledge regarding cryptocurrency but also gain more profits with crypto friends. Doing so increases the collaboration between communities and generates new crypto ideas. All the unique functions that Bitcityz is creating align with their vision and goal towards a decentralized fediversefi platform whereby users and creators are the key centric. Other than that, the investment from Onebit Ventures – a million-dollar capital – opens up a door for Bitcityz to access the DeFi world with ease.
To catch up with the latest news of Bitcityz:
- Website: https://bitcityz.com/
- Fanpage:com/bitcityz
- Twitter: https://twitter.com/BitCityZ_social
- Telegram Official Global Group:me/BitCityZGlobalGroup
- Telegram Official Channel:me/BitCityZSocial
- YouTube: https://www.youtube.com/channel/UCldj6R4-gzYpBYVTxqCRcaw
- Blog Substack: https://bitcityzsocial.substack.com/
