New York to launch its native token, NYCCoin (NYC)
Big Apple to become the most crypto-friendly city in the world? One can easily wonder in view of recent decisions taken by the new mayor of the city, Éric Adams.
Like the mayor of miami, the city councilor of New York indeed wishes that the growth of Bitcoin (BTC) and cryptocurrencies be favored in his city. In addition, he announced that he was receiving his first three salaries in BTC.
Eric Adams even went further by proposing that digital assets be taught in New York schools. We will therefore not be surprised to learn that the mayor of New York wishes launch a native token for his city, NYCCoin (NYC).
It’s official: CityCoins are coming to the Big Apple ????
Last week, NYC’s Mayor-elect @ericadamsfornyc said that he wants to have a CityCoin for NYC like Miami’s.
This week the CityCoins community is responding by activating NYCCoin mining!https://t.co/F07myLEyjF
– CityCoins (@mineCityCoins) November 8, 2021
???? On the same subject – Miami mayor will receive his next salary in Bitcoin (BTC)
What will NYCCoin (NYC) be used for in New York City?
With this daring initiative, it is now certain that Eric Adams wants his city follows in Miami’s footsteps. The city of Florida has indeed become a new El Dorado for crypto-assets since the election of a new mayor, Francis Suarez.
So, NYCCoin will work like MiamiCoin, which recently knew attract institutional investors. It will allow residents of the city to buy or mine the native token.
The funds collected will then go to the city budget, which may use them as you wish to finance local projects.
The general idea is that these funds will finance the construction or improvement of infrastructure cities affected by this type of initiative.
The benefit will also be for investors. These are indeed rewarded in BTC or Stacks, an independent protocol using the infrastructure of the Bitcoin blockchain.
???? On the same subject – CityCoins launches cryptocurrency for the city of Miami: MiamiCoin
What future for New York’s native token, NYCCoin (NYC)?
NYCCoin mining will be officially launched this Wednesday, November 10. It will then be available on exchange platforms, without knowing which ones currently.
The project behind these tokens native to cities is called CityCoins. It is an initiative that has all the experimentation. At present it is impossible to know if it will actually generate income for the metropolises concerned.
What is certain, however, is that the desire to have a native token is increasing. Once again, the United States is far ahead of European cities and even more French. We are indeed far from imagining the same thing in Paris …
???? To read – CityCoins launches cryptocurrency for the city of Miami: MiamiCoin
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About the Author : Benjamin Allouch
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Formerly a lawyer specializing in personal data and digital law, I quickly became interested in Bitcoin, blockchain technology and their legal implications. Today, I am an independent consultant and writer in the field of cryptocurrencies and blockchain.
All articles from Benjamin Allouch.
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