When you think of cryptocurrency, you probably think of Bitcoin. But more than 4,000 cryptocurrencies exist in the world, proving that digital currency is not just for the future, but today. In simple terms, cryptocurrency is a digital or virtual currency secured by cryptography, making it nearly impossible to counterfeit or double-spend.
BlackChain is one of the few Black-owned cryptocurrencies currently growing in the crypto space. Its founder Jordan Harold opened the token for private sale in 2021 to commemorate the 100th anniversary of the Tulsa Race Massacre.
“Cryptocurrency is the future, and everyone, especially Black people, should start to get familiar with it,” Harold emphasized.
Fueled by a plan to rebuild Black Wall Street, Harold believes it’s time for Black people to retake our socioeconomic power, as we are the United States’ second largest consumer group. Spending about 1.2 trillion annually, what could we achieve if we kept that money in the community?
In fact, the message of “rebuilding Black Wall Street” is seen throughout the branding of BlackChain – from the token’s design to the promise to give 10% of every purchase to the Black community and disenfranchised communities globally.
So how does it all work? The BlackChain token is powered by the BlackChain Network, which will comprise community professionals, entrepreneurs, and business owners. The network’s purpose is to provide resources to educate and build up the community. The network is Harold’s digital replication of the original Black Wall Street.
“BlackChain seeks to create wealth, but also give back and rebuild a community in dire need of organization and elevation. I believe that closing the wealth gap in America is the way to create real and effective change in this country,” Harold said.
BlackChain tokens are multi-use, which means people can use them for multiple transactions. The multi-use tokens are helpful for BlackChain’s missions because they can be used by nonprofits, small businesses, and organizations. This cryptocurrency will be backed by real-time assets using a security token attached to the BlackChain Network.
Although BlackChain just opened, Harold hopes that people see the vision and the purpose of the BlackChain token.
BlackChain is still in its early stages and needs the support of the community; the minimum amount to invest is $1000. Although that may seem like a lot, Harold wants Black people to know that this is our chance to build our economy and retake our power.
Visit BlackChain to learn more and invest.