Techub News reports that, according to Fortune magazine, former New York City Mayor Eric Adams announced the launch of a cryptocurrency project called "NYC Token" in Times Square, claiming that the funds will be raised to combat anti-Semitism, anti-American sentiments, and to promote children's blockchain education. However, details about partners, issuance timing, and fund usage have not been disclosed. Adams stated that he will not currently take a salary from the project but may reassess in the future; newly elected Mayor Zohran Mamdani also said he will not purchase the token. NYC Token is suspected to have been launched on the Solana network, with its market cap briefly soaring to about $700 million before falling back, currently reported at approximately $95.47 million.
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Techub News reports that, according to Fortune magazine, former New York City Mayor Eric Adams announced the launch of a cryptocurrency project called "NYC Token" in Times Square, claiming that the funds will be raised to combat anti-Semitism, anti-American sentiments, and to promote children's blockchain education. However, details about partners, issuance timing, and fund usage have not been disclosed. Adams stated that he will not currently take a salary from the project but may reassess in the future; newly elected Mayor Zohran Mamdani also said he will not purchase the token. NYC Token is suspected to have been launched on the Solana network, with its market cap briefly soaring to about $700 million before falling back, currently reported at approximately $95.47 million.