MiamiCoin - October 2021 Update 2

A few updates to the previous email:

1). Not all STX goes to the MIA stackers.

Only 70%. The other 30% goes to the city of Miami.

I had estimated 12.7 STX in cycle 5. However, that value must be multiplied by 70%, so the new estimate is about 8.89 STX.

2) The APY won’t be 634%

8.89 STX x 24 cycle weeks in a year = 213.36 STX

213 STX x $2.25 = $479.25

$479 / $300 in MIA coin (10,000) = 160%

3) 1,150 STX x 2,100 blocks = 2.415 million STX in Cycle 5

2.145 million x 30% = 643,500 STX

multiplied by $2.25 (the price of STX)

is another $1.45 million for the City of Miami!

That’s not bad for two week cycles.