Crypto-Friendly Mayor Eric Adams Launches CityCoins in New York City

Mayor Eric has expressed his support for the usage of Citycoins, which is in line with his goal of making New York City crypto-friendly.

Residents of cities such as New York and San Francisco may invest in their cities by mining and buying Tokens on CityCoins, a blockchain project that allows them to do so. The CityCoins community believes that the next city to have its own city-based cryptocurrency will be New York City. This is following MiamiCoin’s success in Miami.

It’s now confirmed that CityCoins will arrive in the Big Apple, according to the official announcement on Twitter. Mayor Eric had expressed interest in creating a CityCoin comparable to Miami’s. Today, on Wednesday, November 10th, the NYCCoin community mining participation will begin. New York City Coin will be a genuinely decentralized project since it will be created, run, and maintained by CityCoins’ community and supporters of New York City.

The introduction will lead to the creation of a unique platform for civic engagement by NYCCoin. This will enable anybody to contribute to the city’s growing cryptocurrency treasury.

The CityCoins are a novel community-driven source of income for local governments. They also provide residents and stakeholders with collaborative technology.

This project will use the Stacks Protocol, which is built on top of the Bitcoin blockchain and allows smart contracts as well as the creation of coins.

New York City’s crypto friendly Mayor

In response to the announcement, Eric said that they are happy to welcome CityCoins to the global home of Web3. He claimed that they count on advances in technology and innovation to help them move their metropolis forward.

Eric Adams has been on the forefront championing crypto adoption in New York. The newly elected mayor intends to utilize blockchain to assist revitalize the city’s economy.

He believes that cryptocurrency should be taught in schools. As a result of this, Students will be able to think in a new way about blockchain technology and digital assets as a result of this. In addition, he committed to have his first three salaries paid in Bitcoin.