"On Monday morning, about a dozen reporters and camera operators huddled in the heart of Times Square as Adams detailed the "NYC Token," his yet-to-be launched cryptocurrency designed to raise funds that will be used to address antisemitism and anti-Americanism, as well as to teach children how to embrace blockchain technology. "We want to make sure everyday New Yorkers can invest and create an atmosphere they want to see in their city," Adams said."
"The website, however, includes no such details, with buttons advertising "buy NYC token" and "read whitepaper" not working as of publication. Still, it claims that the token already has a $2.5 million market cap with one billion tokens in supply and 10,000 holders. The website does not list any other figures associated with the project except for Adams, who said that he would not be taking a salary at this time for the initiative though would re-evaluate the decision in the future."
Eric Adams unveiled the "NYC Token," a planned cryptocurrency intended to raise funds to address antisemitism and anti‑Americanism and to teach children about blockchain technology. The token was promoted as a way for everyday New Yorkers to invest and influence city culture. Details about partners, release timing, fund allocation, and operational structure were not disclosed. The project's website displayed nonfunctional "buy" and "whitepaper" buttons while claiming a $2.5 million market cap, one billion tokens in supply, and 10,000 holders. Adams stated he would forgo a salary initially but might re‑evaluate that decision later. Adams previously promoted New York as a crypto hub.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]