What is Vcitychain (VCITY) crypto coin? The truth about City Coin (CITY) and why VCITY doesn't exist

There is no such thing as Vcitychain or VCITY. If you’re searching for information about a crypto coin called VCITY, you’re likely mixing up the name with City Coin (CITY) - a real but largely inactive blockchain project tied to urban development. No official source, exchange, or blockchain explorer lists VCITY. The confusion probably comes from people misremembering or misspelling "City Coin" as "Vcitychain" - maybe because "V" sounds like "City" in some accents, or because someone posted a fake coin name on a forum. Either way, VCITY doesn’t exist. But City Coin does - and it’s worth understanding why it’s still out there, even if almost no one uses it.

What is City Coin (CITY)?

City Coin (CITY) is a cryptocurrency launched in October 2018 by the City Chain Foundation. It was built to power a blockchain platform meant for smart cities - places where technology helps manage traffic, energy, waste, and public services more efficiently. The idea was simple: give residents a digital token they could earn by contributing to their city, vote on local decisions with, or even use to pay for services. It wasn’t just another altcoin. It had a real-world use case: becoming the official currency of Liberstad, Norway - the world’s first private city.

That sounds impressive, right? But here’s the catch: Liberstad never actually used CITY coins for anything measurable. No public records, no receipts, no citizen testimonials. The PR Newswire announcement from February 2019 made headlines, but since then, there’s been radio silence. No one knows if residents got wallets. No one knows if shops accepted them. No one knows if the city even turned on the blockchain.

How does City Coin work technically?

City Coin runs on a Proof-of-Stake (PoS) system, which means you don’t need expensive mining rigs like you do with Bitcoin. Instead, you lock up (or "stake") your CITY tokens in a wallet and earn more as rewards. Every 60 seconds, a new block is added to the chain - that’s 10 times faster than Bitcoin’s 10-minute blocks. You get 2 CITY coins for every block you help validate, and the more you stake, the more you earn.

The software is built in C# using .NET Core, which is unusual for crypto projects. Most use Python, Rust, or Go. This makes it compatible with Windows, Mac, and Linux, but also limits the number of developers who can contribute. The code is open-source on GitHub, forked from StratisBitcoinFullNode. As of October 2023, there were around 500 commits from 15 contributors - not much activity for a project that’s been around for over six years.

Why is City Coin almost worthless?

The total supply of CITY is fixed at 13.73 billion tokens. That sounds like a lot - until you find out the circulating supply is listed as 0. That’s not a typo. CoinMarketCap and other trackers show zero tokens in circulation. That means no one is trading them. No one is holding them. No one is using them. It’s like printing a million dollar bills and locking them in a vault with no way to spend them.

There’s only one exchange that lists CITY: txbit.io. And even there, the 24-hour trading volume is less than $100. Compare that to MiamiCoin, which hit over $200 million in market cap at its peak, or IOTA, which trades at over $1 billion. City Coin doesn’t even rank on most charts. CoinMarketCap calls it a "preview page" - meaning they haven’t verified it as a real, active asset.

Experts at Bitget describe it as "a new type of currency with innovative technology and unique use cases," but they also admit its market value is $0.00. That’s not a contradiction - it’s a warning. The tech works. The idea is smart. But no one believes in it anymore.

Why did City Coin fail?

Three big reasons:

• No adoption beyond a press release. Liberstad never became a real test case. No data shows CITY being used in daily life.
• No community. The Twitter account @citychaincoin has 275 followers. The Telegram group is dead. Reddit has zero meaningful discussions about it.
• No liquidity. You can’t buy CITY on Binance, Coinbase, or Kraken. You can’t sell it. You can’t trade it easily. If you somehow got some, you’d be stuck with it.

It’s not that the project was a scam. There’s no evidence of fraud. The code is real. The team names are public. But it’s a classic case of vision without execution. The City Chain Foundation launched with big dreams - a blockchain for cities - but never built the bridge between the tech and the people.

What about other "City Coins"?

Don’t confuse City Coin (CITY) with the "CityCoins" project built on Bitcoin’s Stacks blockchain. That’s a completely different thing. Projects like MiamiCoin, NYCCoin, and BostonCoin let you buy tokens that support city funds - and they give you Bitcoin rewards. Those projects have real trading volume, real users, and real city partnerships. They’re still small, but they’re alive. City Coin (CITY) is not.

There’s also VeChain, IOTA, and Polygon - all blockchain platforms used in smart city projects today. They’re not called "City Coins," but they’re doing the actual work: tracking waste bins, managing energy grids, securing public transit. City Coin (CITY) is stuck in 2018, while the rest of the industry moved on.

Can you still stake or use City Coin?

Technically, yes - if you can get the tokens.

You’d need to download the City Chain daemon from GitHub, create a wallet, and back up your recovery phrase. Then you’d need to find someone willing to sell you CITY - probably on txbit.io. You’d pay in Bitcoin or Ethereum, then lock your tokens in the wallet to start staking. You’d earn 2 CITY per block, which is about 240 per day. But since no one accepts CITY for anything, you can’t spend it. You can’t convert it to cash easily. And if you try to sell, you’re competing with zero volume.

Running a node is possible on a regular laptop. No GPU needed. No special hardware. But if you do it, you’re essentially running a ghost network. There are likely fewer than 10 active nodes worldwide.

Is City Coin a scam?

No - but it’s a dead end.

A scam would mean someone stole your money. City Coin didn’t do that. It was launched with honest intentions. But it failed to deliver. The team stopped pushing. The community vanished. The tokens became meaningless. It’s not a fraud - it’s a forgotten experiment.

If you bought CITY today, you wouldn’t be investing. You’d be collecting a digital artifact - like a VHS tape of a movie that never got released. It might have value to a historian someday. But right now? It’s worthless.

What should you do if you see "VCITY" or "Vcitychain" advertised?

Walk away.

If someone is selling "VCITY" tokens, they’re either mistaken or lying. There is no VCITY. No blockchain. No wallet. No exchange. No documentation. It’s a fake name created to trick people into searching for something that doesn’t exist - and then selling them something else.

Scammers often use this tactic: take a real but obscure project (like City Coin), add a letter to make it sound new or exclusive (VCITY), then promote it on Telegram groups or YouTube ads. They’ll say "limited supply!" or "early access!" - but it’s all smoke.

Always check CoinMarketCap, CoinGecko, or the official GitHub repo. If you can’t find the coin on any of those, it’s not real. And if the name doesn’t match exactly, it’s not the same thing.

What’s the lesson here?

Not every blockchain project with a good idea becomes a success. City Coin had a real vision: using crypto to empower cities. But vision alone isn’t enough. You need adoption. You need liquidity. You need people who care enough to use it.

Today, smart city blockchains are still growing - just not this one. Projects like IOTA and VeChain are working with real governments and corporations. City Coin? It’s a footnote. A ghost in the crypto ledger.

If you’re looking for a smart city crypto, look at projects with actual users, real trading volume, and public partnerships. Don’t chase names that sound similar to something you half-remember. And never trust a coin with no market data - even if it promises big rewards.