Goal of this account

We wanted to have a centralized and publicly accountable account for the financial aspect of Steemit City. We will provide constant updates to the progress we're making as well as notifications on additions to the team, milestones reached, and general information on Steemit City. We will keep public accountability of the funds of this account. Expenses will be posted on a regular basis.

What will it be used for

All the post and curation rewards will go to the funding of Steemit City. Things such as security deposits, network equipment, furniture, a generator, bikes, ...
Steempower will be mostly powered down and sent to the Hive account@kloudery account, which is the official Steemit City witness account, run by Hive account@faddat. Every time you upvote a post made by the Hive account@steemitcity account, you help us make Steemit City a reality!

Who runs the account

The keys to the Hive account@steemitcity account are shared between Hive account@faddat, Hive account@rampant, and Hive account@menta. Any one of us might make a post at anytime. We will usually inform who is making the posts. If you need our help or want more information, feel free to contact us. We are reachable on steemitchat.com, so send us a pm there if you want to talk to us.

More info coming soon, make sure to follow us to stay up to date!