CityCoins Redemptions: Redeem NYC for stSTX and Earn a Unique NFT

StackingDAO

June 27, 2024
The CityCoins protocol is winding down and proceeding with the compensation of NYC holders by enabling token redemptions for the STX held in the treasury. 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 and and 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 to distribute rewards among the NYC and MIA holders. Stacking DAO deeply values the 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? The NFTs will be airdropped directly by Stacking DAO to all the users that redeemed NYC tokens to stSTX. 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 . The benefits of the NFT will be announced in the future but rest assured that it will have utility related to Stacking DAO points system. Here are the 3 NFT tiers: The Citizen — Redeem X NYC The Councillors — Redeem Y NYC The NYCCoin Mayor — Redeem Z NYC [Add one NFT image Here] Mint stSTX today and earn a 10% yield on your STX: https://app.stackingdao.com/ Follow us on Twitter to always be up to date on Stacking DAO: https://twitter.com/StackingDao For any questions or support, join our Discord community: https://discord.gg/KEQfXJnJYj

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