INTRODUCTION
Keep in mind, the SIM coin is the native utility token for the dCity ecosystem. In this subsection of the dCity Coin Guide let's investigate just what you can use all those SIM coins you've accumulated in your wallet for. Basically there are three use cases for the SIM coin:
PAY IN GAME
This is the most obvious use of the SIM coin. You can utilize the SIM coin to pay for any and all in game transactions. For instance, you can use your SIM coins in the Market to buy all your dCity needs (i.e. need workers, go to the market and buy them for SIM). Note, other coins (swap.hive primarily) may also be used for Market purchases so check the various coins value prior to purchase to insure you are paying the lowest fiat equivalent available.
VOTING
In the game simulation, SIM coins give you SIM Power. The amount of SIM Power you have determines the weight of your vote on certain game related functions. This SIM Power is calculated by taking the average of your SIM coin holdings over a period of thirty (30) days. [There is an added benefit to holding more than 8000 SIM Power as if you do, you are entitled to receive a reward of HIVE daily]
With respect to voting, SIM Power is used in three (3) ways
President
Players of dCity elect a President every fourteen (14) days. You vote by clicking on the City Tab and then the Government Tab (where you find a list of candidates to chose from).
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The President may change the taxes charged in-game (the President decides what taxes to raise or initiate and as well what taxes to reduce or terminate).
LOBBYING
For Lobbying, you have four (4) choices available on this Tab:
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As shown, these four lobbying choices are: income tax reduction; ranking rewards; war tax; and, holding rewards. When using your SIM Power for Lobbying, you are required to allocate 100% 0f the SIM Power you hold.
RANKING REWARDS
Voting is also utilized to distribute the HIVE rewards to the various game rankings.
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As shown, the five ranking elements for which SIM Power allocation is available are: income; population; popularity; education; and, creativity. When using your SIM Power to vote on the various ranking rewards, you are required to allocate 100% of the SIM Power you hold.
DEFI
By clicking on 'Swap' at the top of the dCity page, you are redirected to the following web page:
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By adding SIM and SWAP:HIVE tokens in equal value proportions to this liquidity pool, you are entitled to receive rewards as a shareholder. Do not worry as the SIM coins added to this pools still count toward the computation of your SIM Power. Also note. a separate and distinct diesel pool is also available for the SIM coin paired with BEE.
[NOTE: A separate dedicated subsection of the dCity Coin Guide is present for your review concerning the topic of DeFi applications for your SIM coins].
CONCLUSION
As demonstrated above, there is no reason at all to let your SIM coins just sit in your wallet gathering dust. There are plenty of uses and some opportunities available for you to use the coins you have and make them multiply. But remember one cardinal rule - never invest more than you can afford to lose.
And please, finally remember, while earning your SIM Coins you are playing a game, so try and have some fun.
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