Vite Labs & the City of Syracuse, cooperate to create a first-of-its-kind municipal token economy - SyraCoin
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Vite Labs is working with the City of Syracuse, New York, in order to create a first-of-its-kind municipal token economy called SyraCoin. Our project is a government contract under Startup-In-Residence, which is a federal grant program that matches startups and cities in order to solve social use cases.
The Syracuse Token Economy is a mechanism for cities to raise self-sufficient and self-directed funds for their own programs and infrastructure, without relying on state / federal budgets and availability of nonprofit grants.
Our vision is to prove the model in one city, for all cities.
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