Miami’s Mayor Francis Suarez recently announced a disbursement of over $5 million from MiamiCoin wallet, presumably aimed at a rental assistance program.
"We’re using $5 million of those dollars to fund a rental assistance program for city residents who have experienced severe rent hikes."
Mayor Suarez added that their"fiscally responsible" approach to using treasury funds aims to"make a substantive impact on the community" and to"grow the treasury for the long-term benefit of the citizens of Miami.", he said that the team is"actively working" on it and that the primary concern is to ensure that residents"have all the necessary tools to properly leverage that yield for further personal economic benefit.
As per CityCoins guidelines, the formal process of allocating any funds from MiamiCoin requires that the city commissions' vote to decide its allocation. Thus, if residents want to voice their opinions or suggestions, they must do so via public comment. However, Mayor Suarez confirmed that the CityCoins team is in the process of creating governance DAOs to allow MiamiCoin holders to actively participate and vote on suggested measures.
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