New Delhi, Jan. 13 -- Former New York City Mayor Eric Adams today announced the launch of his cryptocurrency memecoin 'NYC Token', telling reporters that revenue raised will be used to address "anti-Americanism, antisemitism, and teach children about blockchain technology".

Addressing reporters in NYC on 12 January, Adams said that this comes from learnings as Mayor for four years, and amid what he called growing "antisemitism and anti-Americanism" and using "up-to-date technology to address this issue".

Notably, Fortune and Binance reported that the token is not yet available for purchase.

"Being Mayor for four years, there are many successes we've walked away with and there's a lot of things that could have been done better. We learn...