- Over the past week, the world has been going through a strange but a well needed and overdue movement.
- Protests are going on across all states in America following the death of George Floyd in a brutal murder from a Minneapolis police officer on the 25th of May.
Over the past week, the world has been going through a strange but a well needed and overdue movement. The black lives matter movement is going strong throughout the United States and is growing throughout the world. Protests are going on across all states in America following the death of George Floyd in a brutal murder from a Minneapolis police officer on the 25th of May. In light of this situation and the protests that have come as a result of it, a new project has started up in order to take advantage of a tense situation going on to promote a new token.
A significant round of support came from the cryptocurrencies community following the death of Floyd with many significant members of the space donating to support the black rights activism. But some saw this tragedy as a way to make their fortune.
The George Floyd Token (otherwise known as FLYD), is a token that has been created in the memory of George Floyd in that he will live on forever thanks to this token. The main pitch of the project is that it is a secure way of funding empowerment.
The project says that it hopes it will be able to help protesters and activists fighting for the black lives matter movement to accept more than one payment stream if they need assistance.
But there seems to be something not right with this project.
In 2017 and 2018, we have seen several fraudulent initial coin offerings. Many of them eventually fade away with a few of them becoming mainstream news in the crypto space. In terms of SLYD, the paper doesn’t explain why protesters would want a payment stream in the form of a cryptocurrency or why payment solutions would be necessary for protesters, especially in such a specialised way.
That being said, the founders of the project have announced a series of airdrops in the hopes of attracting buyers on uni swap. This was where they launched the FLYD/ETH pair. They even promised to devote a portion of the proceeds from their project to the black lives matter movement as well as Floyd’s family.
Cryptocurrency is playing a relatively important role in the movement for black lives matter. One person was seen in the peaceful protest in the United States holding up a cardboard sign saying bitcoin will save us. Many people saw this as a sign in bad taste but bitcoin is still involved in the movement.