London Mayor Candidate unveils Crypto-First Plan: Free Token for Every Resident

London mayoral candidate Brian Rose proposes a revolutionary plan to distribute £100 worth of a new "LONDON" cryptocurrency token to every Londoner. Funded by a "TradFi tax" on large banks' profits, the token would be accepted for payments across the city, including transport and council services. Rose believes this initiative will foster cryptocurrency literacy, stimulate the economy, and position London as a global leader in crypto adoption.

London: A Crypto-First City

London, United Kingdom, April 11, 2024 - London mayoral candidate Brian Rose has unveiled a groundbreaking plan to distribute £100 worth of a new capital crypto token to every London resident. This audacious initiative aims to propel London to the forefront of crypto-adoption and revolutionize the city's financial landscape.

The LONDON Token: A Gateway to Crypto

The proposed LONDON token, a first of its kind, would be accepted across London's extensive transport network, enabling seamless transactions on buses, trains, and the renowned Underground. Additionally, the token could be utilized to settle council bills, parking charges, and a myriad of other municipal services.

Funding the Token: A 'TradFi' Tax

Rose's plan envisions a one-time 'TradFi tax' on the profits of London's financial institutions. This measure, levied against an industry perceived as unresponsive to public concerns, is anticipated to generate £1 billion. The proceeds would establish a liquidity pool, ensuring the token's widespread availability.

London's Cryptocurrency Revolution

Rose, an ardent advocate for blockchain and crypto technology, believes this initiative will foster greater financial literacy among Londoners and empower individuals to navigate the rapidly evolving world of digital assets. He asserts that cryptocurrency challenges the monopolistic sway of traditional banking institutions, empowering individuals with greater control over their finances.

Cryptocurrency for All

Every Londoner, regardless of age or technical proficiency, would receive £100 of the LONDON token. This accessible platform would allow individuals to spend, trade, or invest the crypto, facilitating their entry into the blockchain economy. A comprehensive educational platform would accompany the token's launch, providing guidance on crypto management, investment strategies, and the broader implications of blockchain technology.

Transforming London: A Crypto Hub

Beyond its immediate financial benefits, Rose envisions the LONDON token as a catalyst for London's evolution into a global crypto hub. This initiative, he believes, will inspire a new generation of leaders to embrace financial innovation and establish London as a beacon of blockchain excellence.

A Popular Candidate

Rose's bold vision has garnered widespread support from Londoners, with a recent Survation poll identifying him as the leading independent candidate for Mayor. His campaign, characterized by a commitment to free speech, practical solutions to pressing issues, and a global outreach through social media, has resonated with voters seeking a dynamic and progressive leader.

Conclusion: Embracing Innovation

Brian Rose's plan to distribute £100 of a capital crypto token to every Londoner reflects London's unwavering embrace of innovation and its aspiration to lead the world in the adoption of cutting-edge financial technologies. The initiative, funded by a one-time tax on the financial sector, aims to foster financial literacy, empower individuals, and propel London to the forefront of the crypto revolution.