What is Polkacity?
POLC is the native token of Polkacity, which is a metaverse project that aims to revolutionize virtual assets' ownership. To be more precise, Polkacity is a blockchain-based non-fungible token (NFT) platform that enables the creation, ownership, and trading of virtual assets and services in a virtual city. The project was launched in early 2021 and is currently available on mobile and desktop apps. The project also has a marketplace that enables users to trade NFT assets.
Check out the Polkacity price chart above to see the current POLC price.
Like real-world cities, Polkacity offers numerous use cases and earning opportunities. Users can invest in different types of taxis, from compacts to limousines, and make a decent income. They can also buy or set up petrol or electric power stations. Other car-related services also include car washes, repairs, and rentals. Moreover, hotels, restaurants, and shopping centers reach investment areas in the Polkacity as well. Besides, apart from buying vehicles or buildings, users can also buy pieces of virtual land and develop them into any product or service they need.
What Makes Polkacity Unique?
Unlike most metaverse platforms, Polkacity is multi-chain. Initially, some components of the metaverse were deployed on the Ethereum network. However, the team later created a bridge to Binance Smart Chain (BSC), enabling the metaverse to run on multiple blockchain networks.
Polkacity also uses a unique model of rewarding players through passive income. You can earn a passive income that exceeds 100% per year by simply possessing a virtual asset on the platform. Additionally, each digital asset on Polkacity has its earnings and in-game bonus structure. Therefore, the assets on this platform resemble those of a real city. Though note that the prices of assets vary based on the type of asset and the demand. Besides, the more people are in the city, the more profits owners generate from taxis, restaurants, hotels, and other services.
Polkacity Coin (POLC)
The Polkacity token (POLC) is the utility asset supporting the Polkacity metaverse. It facilitates the trading of goods and services. It also supports the reward system, as players are rewarded in POLC.
The max supply of Polkacity tokens is 250 million. The biggest portion, 200 million, is dedicated to platform rewards. The remaining portion was distributed to the team, liquidity and exchange listings, presale, private sales, and marketing purposes.
If you're considering investing in Polkacty crypto assets, note that the Polkacity price may vary due to various factors. You can check the current POLC price on its price chart above.
Who is the Founder of Polkacity?
Polkacity boasts an innovative team led by its founder – Carmelo Milian. Milian has a rich experience in the tech world. He worked as a senior consultant for Microsoft for 12 years. Additionally, Milian is the co-founder of the cloud computing platform, OneCloud.
