Former New York City Mayor Eric Adams launched NYC Token, which quickly surged and then fell back after opening.
TL;DR
Former NYC Mayor Eric Adams launched NYC Token to fund non-profits fighting anti-Semitism and anti-Americanism, and educate on blockchain. The token surged then fell post-launch, with current Mayor Mamdani declining to purchase.
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Odaily Odaily that former New York City Mayor Eric Adams has launched a cryptocurrency called NYC Token. The project, co-founded by Adams and two other members, aims to fund non-profit organizations to combat anti-Semitism and anti-Americanism through the token's proceeds. Adams stated that the token will also be used to educate students about blockchain technology. Adams currently does not receive a salary and said he will disclose any future salary payments. The project's website currently only displays a slogan and a link to an X platform account. Current New York City Mayor Zohran Mamdani has stated he will not purchase the token.