"built to fight the rapid spread of antisemitism and anti-Americanism across this country and now in New York City."
"Let's look at the best use case of blockchain: Walmart. Walmart is using blockchain right now to deal with their tracking of food and tracking of the goods in their stores. It is transparent, anyone can see it, and when you look at this coin, our New York City Coin, the money that is generated from this coin, we're going to zero in on how do we stop this massive increase of antisemitism across our country and across the globe, really, and how do we deal with the increase in anti-Americanism?"
"You got some of that NYC Token? We'll get you some brother. This thing is about to take off like crazy."
Former New York City Mayor Eric Adams launched NYC Token claiming it was built to fight the rapid spread of antisemitism and anti-Americanism. The launch included a hype video and statements that proceeds would be split equally among the antisemitism initiative, a scholarship fund for underprivileged communities, and crypto education for New York City youths. Adams described the project as "block change" and referenced Walmart's blockchain use for supply tracking. The token launched at roughly $0.08 at 5:30 p.m. ET; within minutes connected wallets purchased large amounts, and within an hour a clean rug pull removed roughly $1 million, crashing the token's value.
Read at Defector
Unable to calculate read time
Collection
[
|
...
]