The mayor of Miami recently proposed an unprecedented plan to airdrop bitcoins to all citizens in order to achieve the grand goal of making Miami a "tax-free city". This move has sparked heated discussions from all walks of life and has also triggered people's thinking about the future development of cities. This article will explore this move by the mayor of Miami from multiple perspectives and analyze its possible impacts and challenges.

 The bold move of the mayor of Miami

The mayor of Miami's proposal is really eye-opening. Airdropping bitcoins has given citizens an unprecedented benefit and opened up a new path for urban development. This move not only made Miami the focus of global attention, but also made people begin to re-examine the role of digital currency in urban management. The mayor's decision is not just a simple airdrop, but also a subversive attempt at the future urban development model.

 The application of digital currency in urban management

With the rise of digital currencies such as Bitcoin, people have begun to realize their potential in urban management. The decentralized characteristics of digital currencies make currency circulation more convenient and efficient, while also reducing the operating costs of traditional financial systems. By airdropping bitcoins, the mayor of Miami not only provides citizens with a new way of welfare, but also brings new thinking to urban financial management. The application of digital currency will bring more possibilities to urban management and allow citizens to enjoy more benefits.

 Challenges and opportunities in achieving a "tax-free city"

However, it is not easy to achieve the goal of a "tax-free city". In addition to the application of digital currency, more policy and institutional reforms are needed to support the realization of this goal. How to protect the rights and interests of citizens and how to ensure the normal operation of the city are challenges that the mayor of Miami needs to face. But it is these challenges that have also brought more opportunities to Miami. Through continuous exploration and innovation, Miami is expected to become the world's first truly "tax-free city", attracting more attention and investment.

 From Miami to the world: the future of digital currency

The mayor of Miami's move not only affects the future development of the city, but also leads the new direction of global urban management. The application of digital currency will become an important part of future urban management and will also change people's perception of financial and social management. Through Miami's practice, we may be able to see a more open and inclusive urban future, and we can also see the application prospects of digital currency worldwide.

 Conclusion

The mayor of Miami's Bitcoin airdrop plan is undoubtedly a subversive attempt. It challenges the traditional urban management model and also points out a new path for the development of future cities. The application of digital currency will bring more possibilities to cities and make people re-examine the nature of financial and social management. Let us wait and see how Miami can realize the dream of a "tax-free city" through the power of digital currency. We also hope that more cities can join this trend and jointly create a new chapter in urban management.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

In an online interview with Coindesk on November 11, Miami Mayor Francis Suarez said that the income earned from MiamiCoin will be pledged and converted into Bitcoin (BTC) to be distributed to citizens. The ultimate goal is to make Miami a tax-free city: We will become the first city in the United States to directly airdrop BTC to residents. Wallets will be created for all citizens and BTC will be airdropped Suarez said that the city government intends to pledge MiamiCoin and exchange BTC for citizens, and will also create digital wallets for citizens to facilitate their operation. The Miami City Government is currently working on how to proceed. For example, who can get the BTC airdrop is a challenge, taxpayers, local residents, or voters? Suarez revealed that the city of Miami will work with various companies to actively open accounts and wallets for eligible citizens, and will set up exclusion clauses to prevent people from moving to Miami for BTC airdrops. Although Suarez did not reveal which exchange the city government will cooperate with or the amount of BTC airdropped, he firmly told the citizens: In the near future, the Nakamoto system (referring to cryptocurrency) will be widely used for payment, and we need to let people know that we not only want you to hold Bitcoin, but also want to enhance its utility.

Miami Coin revenue has reached 20% of the city's tax revenue

As previously reported in the currency circle, Miami Coin is led by CityCoins and rewards token holders through the Stacks protocol.
The Stacks protocol is a smart contract on the Bitcoin blockchain. Investors can mine Miami Coins by forwarding STX to the Stacks protocol and then pledge to obtain BTC and STX.

70% of the STX forwarded by miners will be used as a pledge reward, and the remaining 30% will be a fixed donation to the city of Miami. Since the launch of this mechanism three months ago, it has brought Miami $21 million in revenue, nearly 20% of the city's total annual tax revenue of $400 million.

Suarez pointed out that in the long run, the positive cycle brought by MiamiCoin will hopefully eliminate the need for local residents to pay taxes and eventually revolutionize the realization of a tax-free city.
Patrick Stanley, head of CityCoins, praised Suarez for turning Miami into an oil-producing country.
 Crypto whirlwind blows up in American politics 
In addition to announcing the BTC airdrop, Suarez also took the lead in expressing his willingness to become the first American politician to accept Bitcoin salary.
Suarez's move has attracted responses from many politicians, such as New York Mayor Eric Adams, Florida Tappa Mayor Jane Castor and Tennessee Jackson County Mayor Scott Conger, who have also announced their acceptance of the BTC salary challenge.