MIA

MiamiCoin (MIA) represents a failed experiment in civic cryptocurrency that is currently in a 'zombie' state with effectively zero prospects for recovery. The project suffers from dormant development, with the codebase seeing no significant updates since 2022 and the team largely absent. Community support has collapsed following the suspension of trading on its primary exchange, OKCoin, due to severe liquidity issues. The tokenomics model proved unsustainable, entering a 'death spiral' where the lack of speculative demand made mining unprofitable, thereby eliminating the staking yields that served as the primary hold incentive. Use case viability was entirely dependent on the City of Miami's cooperation, which has not materialized into meaningful public utility or services. While the smart contracts were audited and have not been technically exploited, the project's reliance on a centralized, disengaged external entity (the city government) and its broken economic loop have resulted in a total loss of momentum and value.