NYC

NYC Price

About NYC (NYC)

NYC is a community-driven cryptocurrency on the Solana blockchain designed to represent the cultural spirit and energy of New York City.

• Launched as a decentralized movement, the project is not affiliated with any government agency or official New York City organization.
• The token utilizes the Solana network to provide high-speed transactions and low protocol service fees.
• A significant portion of the token supply is allocated to a reserve and an initiative treasury intended for charitable purposes.

What Is NYC

NYC (NYC) is a community-centric token that serves as a digital expression of the ideals and ambition associated with New York City. It was created by independent developers to foster a global community of supporters who identify with the "Big Apple's" reputation for innovation and diversity.

As a Solana SPL token, NYC leverages the network's infrastructure to facilitate the movement of value within its ecosystem. The project emphasizes its nature as a community movement rather than a traditional investment vehicle, aiming to integrate the cultural narrative of New York into the Solana ecosystem of decentralized finance.

Key Differentiators

• Cultural Branding: Unlike many memecoins based on internet jokes, NYC leverages the global recognition and "unstoppable energy" of New York City as its primary narrative hook.
• Structured Tokenomics: The project features a detailed emission schedule with a 36-month unlock period for creator and digital partner allocations, aiming for long-term sustainability.
• Reserve Allocation: 70% of the total supply is held in a dedicated NYC Reserve Wallet, which is excluded from the planned circulating supply to reduce market volatility.
• Charitable Focus: The "Initiative Treasury" is specifically designated to support charitable initiatives, with controls intended to be managed via multi-signature wallets.

Ecosystem and Integrations

NYC is fully integrated into the Solana network, a Layer 1 blockchain known for high throughput. This integration allows the token to be traded on various decentralized exchanges across the ecosystem.

The project plans to implement community governance mechanisms, allowing token holders to participate in decision-making regarding treasury policies and project direction. These mechanisms are intended to begin with off-chain signaling and transition to more formal structures as the community grows.

Origins and Launch

NYC was launched on the Solana blockchain with a total supply of 1 billion tokens. At the time of its Token Generation Event (TGE), 8% of the supply was allocated to liquidity and trading pools to facilitate immediate market access. The launch was characterized by its independence from official city government, positioning itself as a grassroots effort by developers and the C18 Digital entity. The circulating supply is designed to grow gradually to 300 million tokens over three years through a linear emission schedule.

Major Controversies & Events

The project has been flagged by third-party security audit tools for having a high concentration of tokens held in one or more unidentified wallets. This concentration presents a potential risk of market manipulation, a factor that community members and traders are encouraged to monitor through on-chain transparency tools.

Risk Disclosure

As with all memecoins, NYC is a highly speculative asset with substantial volatility. Its value is primarily driven by community sentiment and meme culture rather than traditional utility. The project is managed by an independent development team, and it is not connected to or endorsed by the City of New York or any official government agency.

Where can you buy NYC?

NYC tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade NYC is Meteora, where the most active trading pair NYC/USDC has a trading volume of $37.51 in the last 24 hours.

What is the daily trading volume of NYC (NYC)?

The trading volume of NYC (NYC) is $37.51 in the last 24 hours, representing a 0.00% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for NYC (NYC)?

NYC (NYC) reached an all-time high of $0.1420 and an all-time low of $0.08453. It’s now trading -40.40% below that peak and 0.10% above its lowest price.

What is the market cap of NYC (NYC)?

Market capitalization of NYC (NYC) is $25,377,977 and is ranked #- on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of NYC tokens (300 Million tokens are tradable on the market today).

What is the fully diluted valuation of NYC (NYC)?

The fully diluted valuation (FDV) of NYC (NYC) is $84,593,300. This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion NYC tokens are in circulation today. Depending on how the emission schedule of NYC tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of NYC compare against its peers?

With a price increase of 0.00% in the last 7 days, NYC (NYC) is outperforming the global cryptocurrency market which is down -4.80%, while outperforming when compared to similar Meme cryptocurrencies which are down -11.60%.