what's NYC Token?
NYC Token is a cryptocurrency initiative announced by former New York City Mayor Eric Adams to establish New York as the "crypto capital of the world." It functions as a commemorative digital asset where a substantial portion of proceeds supports three key initiatives: combating antisemitism and anti-Americanism through awareness and education programs, providing blockchain and crypto education to city youth, and funding scholarships for students from underserved communities, including allocations to nonprofits and historically Black universities. The project leverages blockchain technology for social impact funding, with Adams publicly endorsing it via press conference and media appearances. Technical details such as the blockchain network, contract address, and full tokenomics remain undisclosed as of launch, emphasizing its role in directing funds transparently to verified causes rather than personal gain, at least initially.
NYC Token faces Eric Adams rug pull allegations after Jan 13 meltdown; launched Jan 12 on Solana, $500M cap.
Faces allegations or concerns of a potential rug pull involving Eric Adams.
Experienced a liquidity-related meltdown event on January 13, 2026.
Launched on Solana blockchain on January 12, 2026.
Reached $500 million market cap shortly after launch.
Partnered with Mayor Adams to use NYC Token for educational purposes related to Judaism.
Received public endorsement from former NYC mayor Eric Adams, who described it as a "commemorative asset" during a Times Square press conference.