The CityShares Cryptocurrency Helps Boost the Local Economy
Rahul Kalvapalle — January 11, 2018 — Business
References: digitaltown & kxan
DigitalTown, a leading provider of smart city infrastructure and solutions, has launched a localized investment cryptocurrency that is designed to motivate citizens of Austin, Texas to go ahead and invest in the local businesses that are the lifeblood of the city's economy.
To kick the project off, DigitalTown is offering 10 free CityShare tokens to early adopters, who can then invest their shares into various local businesses. Unlike conventional cryptocurrencies, the price of CityShare tokens isn't dependent on speculation but is rather dictated by the economic development of the city.
Not only does this business-focused investment cryptocurrency help support the local economy, but it also helps to foster direct transactions between businesses and city residents while cutting out the troublesome third parties who add to expenses.
To kick the project off, DigitalTown is offering 10 free CityShare tokens to early adopters, who can then invest their shares into various local businesses. Unlike conventional cryptocurrencies, the price of CityShare tokens isn't dependent on speculation but is rather dictated by the economic development of the city.
Not only does this business-focused investment cryptocurrency help support the local economy, but it also helps to foster direct transactions between businesses and city residents while cutting out the troublesome third parties who add to expenses.
Trend Themes
1. Localized Investment Cryptocurrencies - Disruptive Innovation Opportunity: Creating localized investment cryptocurrencies can motivate citizens to invest in local businesses, boosting the local economy and fostering direct transactions.
2. Smart City Infrastructure - Disruptive Innovation Opportunity: Developing smart city infrastructure can enable the implementation of localized investment cryptocurrencies and enhance economic development.
3. Direct Transactions - Disruptive Innovation Opportunity: Facilitating direct transactions between businesses and city residents can eliminate the need for troublesome third parties and reduce expenses.
Industry Implications
1. Cryptocurrency - Disruptive Innovation Opportunity: Introducing localized investment cryptocurrencies within the cryptocurrency industry can revolutionize investment methods and drive economic growth in local economies.
2. Smart City Solutions - Disruptive Innovation Opportunity: Creating smart city solutions that integrate localized investment cryptocurrencies can enhance economic development and promote community engagement.
3. Local Business Support - Disruptive Innovation Opportunity: Developing platforms and systems that facilitate direct investments from city residents into local businesses can provide a boost to their growth and sustainability.
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