New meme coin SPEECH hopes to fight online censorship
A new meme coin hopes to get people talking — quite literally.
SPEECH, a soon-to-be-launched token on Binance Smart Chain, was created to bring awareness to freedom of speech and censorship issues on the internet.
Three percent of all transaction fees will be donated to organizations fighting for free speech rights.
The blockchain project was developed by Mark Grabowski, a New York City-based professor who has published textbooks on cyber law and cryptocurrencies. Prior to academia, he worked as a journalist and First Amendment lawyer. He’s very concerned about what he sees as a growing censorship trend worldwide.
“With big tech and governments increasingly censoring internet users’ expression worldwide, fighting for our fundamental right to free speech has never been more important. And what better way to support that effort than through cryptocurrency, which was designed to be censorship-resistant,” Grabowski explained.
Proceeds from the token will be donated to free speech rights organizations such as Electronic Frontier Foundation.
Of course, in order to generate donations, the token needs volume. The team believes SPEECH’s tokenomics will appeal to investors. In addition to helping free speech groups, SPEECH provides incentives to its holders. The token is deflationary, with 1% burned on every transaction, and it rewards holders and liquidity providers with 1% of every transaction.
“So, it pays to support free speech,” Grabowski quipped.
The token will be available for purchase in mid-May on Pancakeswap. There will be a so-called “fair launch,” meaning there will be no ICO or presales.
For more information, visit http://FreeSpeech.Finance.