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.
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