London Mayoral Candidate Promises £100 in LONDON Tokens to Residents if Elected

London mayoral candidate Brian Rose plans to gift each city resident LONDON tokens valued at £100. The politician announced this on his Instagram.

Rose’s plan involves creating a £1 billion liquidity pool funded by a one-time 1% profit tax on financial institutions.

The mayoral hopeful aims to transform London into a crypto-friendly city, where the new token would be accepted for public transport, parking, municipal bills, and “much more.”

“The LONDON coin will give Londoners a real connection to their money. They will be able to store it, earn from it, save, trade, and stake it—right from their phones thanks to DeFi protocols,” noted Rose in a conversation with The Block.

The politician promised that if elected, LONDON would appear on popular exchanges. Rose also plans to create a financial education platform to help city residents understand wallets, the basics of crypto investing, and the nuances of blockchain economics.

“As an entrepreneur and former banker with 15 years of experience, I realize that the main issue Londoners face is a complete lack of financial education. Strangely, our schools do not teach it. This ignorance has devastating consequences, affecting all aspects of life: money is needed for business, for family, for retirement, for entertainment, for everything,” the politician emphasized.

He added that the LONDON token, with its intrinsic utility and significant liquidity pool, “can serve as the perfect means to provide the necessary financial education to every resident of Greater London.”

Earlier, U.S. presidential candidate Robert Francis Kennedy promised to “stabilize” the dollar with Bitcoin.