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.