CHEYENNE, WY – Wyoming Decentralized Exchange (WYDE), the world’s first impact-focused decentralized exchange, today emphasized its secure, transparent architecture as a proven alternative to high-risk memecoin launches, amid widespread discussion of the recent $NYC token incident.
The $NYC token, promoted by former New York City Mayor Eric Adams as a vehicle to support education, combat antisemitism, and benefit New Yorkers, surged to approximately $600 million in market capitalization shortly after launch on Solana. Within minutes, liquidity was removed, dev-linked wallets extracted millions, and the token lost over 80% of its value, resulting in substantial losses for retail participants. On-chain analysis and community notes on the original promotional post have widely characterized the event as a classic rug pull.
“High-profile failures like this damage trust in the entire cryptocurrency ecosystem,” said Martin Simms, Founder of WYDE. “Good intentions are not enough. Real-world impact requires ironclad safeguards, fair distribution, and perpetual utility built into the protocol from day one.”
WYDE was designed specifically to eliminate the vulnerabilities exposed in such launches:
Fair launch with no presales or insider allocations
Permanently locked liquidity and built-in anti-rug protection
Transparent trading fees that automatically and perpetually fund verified nonprofits forever
Proven impact: 4,600+ meals funded for hunger relief (on-chain verified)
Sustainable ~$10M market cap utility-driven growth
Every trade on the WYDE platform directly contributes to ongoing charitable outcomes, creating a self-sustaining cycle of impact without reliance on volatile pumps or celebrity endorsements.
“WYDE demonstrates that crypto can fund meaningful causes securely and indefinitely,” Simms continued. “We invite projects, donors, and communities seeking real impact to explore our model.”
WYDE published a detailed comparison addressing the $NYC incident and outlining its impact-driven approach on X today.
View the full statement at: https:/www./x.com/wydeorg (latest post).
About WYDE
Wyoming Decentralized Exchange (WYDE) is the first decentralized exchange purpose-built to channel trading activity into real-world social impact. By combining fair-launch principles, locked liquidity, and transparent fee allocation, WYDE enables perpetual funding for nonprofits while offering traders a secure, utility-driven platform. Learn more at wyde.org.