CityCoins Redemptions: Redeem NYC for stSTX to Earn an NFT and Points Boost Multiplier

The CityCoins community has voted to wind down the protocol and proceed with compensating NYC holders by enabling token redemptions for the STX held in the treasury.

You can now redeem NYC for stSTX on the CityCoins website to earn an NFT, unlocking a future point multiplier.

CityCoins members are OGs of the Stacks ecosystem, and the protocol has been an innovative project on Stacks that captured the attention of industry leaders like Vitalik, Pompliano, Balaji, Mayors Francis Suarez, Eric Adams,and many others.

CityCoins has been a key player in creating a community around Stacking which was a key feature of their product for distributing rewards among the NYC and MIA holders.

Stacking DAO deeply values CityCoins’ contributions in accelerating Stacks network adoption, and CityCoins’ pioneering ethos must continue to live on within Stacks.

For this reason, Stacking DAO has partnered with CityCoins to redeem NYC tokens into stSTX with one simple click through the CityCoins website to earn a special edition NFT.

The NFT represents a way to welcome CityCoins members to Stacking DAO,the largest DeFi community on Stacks. Furthermore, the NFTs will have further utility in the future.

How to claim the NFTs and what are the benefits?

All the users who redeemed NYC tokens for stSTX will soon be able to claim the NFTs directly on Stacking DAO.

Make sure to redeem the NYC for stSTX on CityCoins website: https://v2.minecitycoins.com/

There are various NFT tiers based on the quantity of NYC tokens swapped for stSTX. The more NYC you convert, the higher the NFT tier and the greater the associated benefits.

These special edition NFTs, alongside the highly prized Stacking DAO Genesis NFTs, will provide point multipliers determined by their tier rarity.

The specific benefits within the Stacking DAO points system will be revealed in the near future.

Here are the 3 NFT tiers:

• Regular NYCCoin NFT — Redeem less than 100k NYC ($400)
• Empire State Building Edition — Redeem between 100k and 1M NYC
• Statue of Liberty Edition — Redeem 1M or more NYC ($4k)

Stacking DAO Details:

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