New GiletJauneCoin (GJC0) launched after social unrest in France

14 Dec, 2018
by David Robb
News
New GiletJauneCoin (GJC0) launched after social unrest in France

A new crypto token has been launched, apparently by some of the protesters involved in last week's social unrest in France. GiletJauneCoin (GCJ0) is based on the Ethereum blockchain.

The protests in France were named after the yellow vests (Gilets Jaunes) that many of those involved wore, signaling the importance of their labouring jobs and working-class identity in the movement. Several protesters were also seen adorned with 'Buy Bitcoin' and other slogans.

Chinese Bitcoin Foundation member Bobby Lee also recently linked the Gilet Jaunes movement to crypto, pointing out how Bitcoin could be used to prevent many of the economic issues that led to the unrest.

Read more: Social unrest in France: is Bitcoin the answer? Bobby Lee thinks so...

According to the token's official website, GCJ0 is intended "for transactions between yellow vests citizens, or people who wants to support our legitime battle against european oligarchy. By providing the necessary infrastructure for a massive use of the GJCO, we are helping yellow jackets around the world to create a parallel economic system". Around 40,000 Euros has apparently been invested into this infrastructure.

The crypto has very low liquidity so far, without support from any trading platforms, although the site claims "We will be listed on exchanges soon!".

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Read more about:Ethereum (ETH)

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