NYC to Mine its Own Token, Following Backing From Mayor-Elect Adams
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blockchain.newsThe New York City Mayor-elect’s backing towards a pro-crypto future has pushed forward the development of a token for the city after he engaged in friendly online banter with the Miami mayor over Bitcoin. Reportedly, Adams's ambition- NYCCoin, the token mining is expected to kick off on Wednesday.
“He has a MiamiCoin that is doing very well — we’re going to look in the direction to carry that out,” Adams said in an interview on Bloomberg Radio. He vowed to “look at what’s preventing the growth of Bitcoin and cryptocurrency in our city.”
CityCoins, which works on the Stacks protocol, has initiated the plan to introduce NYCCoin following a community-led crypto project to create a dedicated city-based token. CityCoins will also include taking
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