What Is CityCoins and How Does It Work?

CityCoin mining rewards operate in a similar fashion to Bitcoin’s issuance schedule, where rewards are halved systematically every four years. During the first 10,000 blocks, winning miners receive 250,000 CityCoins per block. Rewards are then reduced to 100,000 coins per block for the next 200,000 Stacks blocks (approximately four years.) From there, rewards are halved every 210,000 blocks until Stack block 1,050,000 is reached, upon which a fixed amount of 3,125 CityCoins will be released per block in perpetuity.