Miami earns $5.25 million through CityCoins program

Miami Mayor Francis Suarez announced today that the city received $5.25 million in cryptocurrency from mining efforts at the CityCoins project. "This is a historic moment for our city to partner with an innovative project that creates resources for our city through innovation, not taxes," he tweeted. It's unclear whether the funds are going to the city itself or to the city itself. for individual participants. Earlier statements said the funds would be split 30%-70% between Miami and its residents. Miami’s decision to participate in the CityCoins project was first announced in August 2021.