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What is Polkacity (POLC)?
Polkacity basic info
Cryptocurrency Polkacity is gaining significant attention in the world of digital finance. Launched on the blockchain platform, Polkadot, Polkacity is known for its unique features and potential for long-term growth. One key feature of Polkacity is its decentralized virtual reality (VR) ecosystem. This allows users to create and manage their own virtual cities, where they can buy, sell, and trade virtual properties using Polkacity tokens (POLC). These virtual properties can generate passive income for users, adding another layer of utility to the cryptocurrency. Another notable aspect of Polkacity is its focus on real-world asset integration. The platform aims to bridge the gap between physical and virtual assets, enabling users to invest in real-life projects such as real estate, taxi services, and car rental companies. This innovative approach provides users with the opportunity to diversify their investments and potentially earn a steady stream of income. Additionally, Polkacity places a strong emphasis on community engagement and participation. Holders of POLC tokens have the ability to participate in governance decisions, allowing them to have a say in the future development and direction of the platform. This democratic approach gives users a sense of ownership and involvement, fostering a strong and supportive community. In terms of security, Polkacity utilizes advanced blockchain technology on the Polkadot network, ensuring transparency and immutability of transactions. With the increasing concern over cybersecurity, such features provide users with peace of mind when using the platform and dealing with their virtual assets. As with any investment, it is important to conduct thorough research and due diligence before participating in the Polkacity ecosystem. The cryptocurrency market can be volatile, and it is crucial to have a clear understanding of the risks involved. Overall, Polkacity stands out in the cryptocurrency space due to its unique features, such as its VR ecosystem, real-world asset integration, and community governance model. While it is still a relatively new player in the crypto industry, Polkacity has shown promising potential and is worth keeping an eye on for both investors and enthusiasts alike.
POLC supply and tokenomics
Uniqueness
Polkacity aspires to be the virtual equivalent of an actual city, reflected in the NFTs available for purchase. Currently, players can buy:
- Different types of taxis, ranging from compacts to limousines’
- Power stations (petrol or electric);
- Car-related service stations like car washes, rentals and repairs;
- Hotels, restaurants, and shopping centers;
- Leisure-related establishments like discos.
Each NFT fetches a different price, from 1,500 POLC for a compact taxi (1,000 available) to 105,000 POLC for a shopping center (50 available). Players recoup the money through weekly payments of network rewards plus an additional share of earnings from the asset. For instance, an owner of a compact taxi will receive 60 POLC per week plus 16% of the taxi’s earnings per month, while owning a shopping center returns 13,125 POLC weekly and 50% of the center’s monthly earnings. In this fashion, players can benefit from the game’s virtual economy.
Moreover, Polkacity aspires to combine several hot-topic elements like NFTs and decentralized finance by creating a 3D and augmented reality platform. Players can enjoy their virtual resources with VR technology.
Token utility
Polkacity ($POLC) is an BNB Chain based NFT marketplace that aims to “revolutionize the ownership of virtual assets” by building the world’s first 3D and AR NFT platform that will be on multiple blockchains. Users can purchase and own virtual taxis, gas stations, and services and earn interest on their assets. By holding the NFTs representing them, users receive weekly payments as the virtual city combining different DeFi elements grows. Polkacity is constantly expanding the available assets, now also including land and infrastructure.
Launched at the beginning of 2021, Polkacity has published a mobile app and a desktop version of its virtual city. In Q3 2021, Polkacity launched its marketplace, where citizens can trade assets. In the future, the project foresees expansion to different blockchains and the addition of additional NFTs like neighboring cities or even continents.
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What is the development prospect and future value of POLC?
The market value of POLC currently stands at $1.58M, and its market ranking is #1853. The value of POLC is not widely recognized by the market. When the bull market comes, the market value of POLC may have great growth potential.
As a new type of currency with innovative technology and unique use cases, POLC has broad market potential and significant room for development. The distinctiveness and appeal of POLC may attract the interest of specific groups, thereby driving up its market value.
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