CityCoins will launch NYCCoin for New York City on November 10

According to reports, CityCoins announced in a blog post today that NYCCoin will be launched for New York City, and users will be able to start mining from Wednesday (November 10). Prior to this, Miami became the first city in the United States to launch its own CityCoin, named MiamiCoin, in August. NYCCoin will operate like MiamiCoin, where people support their city by buying or mining cryptocurrency. The funds are then transferred to the city’s financial reserves, where the local government decides how to use it.