MiamiCoin Going Mainstream ‘Faster Than Bitcoin,’ Mayor Suarez Says — CoinDesk

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MIA runs on the Stacks protocol, which in flip runs on high of the Bitcoin community. People can “mine” MIA by sending STX, the native token of Stacks, to a wise contract, which forwards 30% of these contributions to a pockets reserved for town. Last month, town voted to just accept these funds, now value $7 million. Suarez mentioned Thursday the venture is producing over $2,000 each 10 minutes for the municipality.