A new cryptocurrency has the Chinese Communist Party panicking. No longer do they have a monopoly on how their citizens transact.
Just launched earlier this year, the coin $TDCCP (standing for “take down the CCP”) launched as an airdrop to every person loyal to the cause of the NFSC (New Federal State of China) movement.
NFSC is a movement started by political prisoner Miles Guo, and former Donald Trump campaign manager Steve Bannon, aimed at taking down the CCP.
The NFSC boasts 500 million supporters globally – five times the membership of the CCP – and has 21 chapters around the world. They call themselves the number one enemy of the CCP, and their numbers back them up.
The NFSC has long fought the CCP by exposing their misdeeds – now they’ve launched their most ambitious attack on the CCP behemoth yet, directly targeting their grip on the financial system.
$TDCCP Goes to the Moon
$TDCCP was worth just under 10 cents per coin when it began trading in early March. Within two days its market capitalization soared past $100 million, proving that it was no ordinary “meme coin.” Within two weeks it rocketed to nearly $2, with its market capitalization soaring beyond $1 billion. For comparison, it took Bitcoin three years after its first transaction to reach a $1 billion market cap. This marks a complete validation of the message behind the meme coin: that freedom will prevail over the CCP.
Today (March 31), it surpassed $1.8 billion in value, nearly doubling since then.
In late February every NFSC member got a lucky 777 tokens, and a public mint of the token began March 1st, and then trading began on March 5.
$TDCCP launched trading on decentralized exchanges (DEX), meaning that the token is exchanged directly between users without the need for a centralized exchange. Trading via DEX simplifies the purchasing process because someone can trade any crypto asset for it, as opposed to whatever currency pairs a centralized exchange chooses to offer. But more importantly, in the context of $TDCCP, DEX exchanges are far less likely to respond to pressure in removing an asset for trading.
But that doesn’t mean the CCP won’t try anyway.
The CCP Strikes Back
On March 10th, the exchange OKX delisted $TDCCP with no explanation – a classic sign of CCP involvement. The EU would then start an investigation into OKX, linking the exchange to a $100 million money laundering scheme. But at the benefit of whom was the money being laundered?
Despite the CCP trying to immediately clamp down, they were no match for the will of the people, hence the price of $TDCCP exploding in the face of multiple CCP attacks.
Another attack came in the form of a CCP pressure campaign, resulting in the exchange Raydium removing all metadata for $TDCCP, including its name, logo, and all official records. It was as if the coin never existed on their platform.
For every exchange caving to the CCP, there’s a hundred more willing to stand up to them. The CCP is only cutting one head off a hydra in its futile attempts to get $TDCCP delisted. Some exchanges have proudly stood defiant. Following the targeting of $TDCCP, the exchange BiFinance announced it would be listing $TDCCP, describing it as “not just a meme, but a symbol of freedom, resistance, and blockchain innovation.”
After their initial tactics backfired, the CCP started creating their own fake versions of $TDCCP to try to confuse purchasers of buying them instead, thus taking their money. When I did a search for $TDCCP on just one exchange, the Jupiter exchange, over 30 coins showed up identical to $TDCCP in terms of their name or logo in the results. This can be avoided by searching a token by its contract address (in this case, Hg8bKz4mvs8KNj9zew1cEF9tDw1x2GViB4RFZjVEmfrD), but many people new to crypto were deceived.
China only likes cryptocurrencies that they can control, and they’ve disguised this reality under the guise of being anti-crypto. In 2017, the CCP banned cryptocurrency exchanges and initial coin offerings (launching of new coins), and a full ban on crypto trading and mining was implemented in 2021. They’ve put out ridiculous excuses for this, such as citing the negative environmental impact of cryptocurrency mining in their reasoning. China is the world’s largest CO2 emitter, so forgive me for supposing that their sudden concern for the environment is contrived.
Case in point: the CCP’s aggressive push to develop the e-CNY. Launched in pilot form in 2021, the digital yuan is a state-backed digital currency designed to replace cash in circulation and enhance their ability to monitor and control financial flows. The e-CNY is fully centralized, giving the government unprecedented visibility into transactions. By banning crypto trading and mining, China eliminates competition, ensuring that the e-CNY remains the dominant digital currency within its borders.
The CCP has also claimed they want to restrict Bitcoin because it can be used to facilitate money laundering, but in reality, it’s because they want a monopoly on money laundering, which they themselves use it for.
The 2021 ban on crypto transactions didn’t eliminate this possibility; instead, it pushed it underground, where savvy officials could still exploit it. Reports of Chinese “crypto whales” operating from abroad, often linked to wealthy elites, suggest that Bitcoin remains a viable laundering conduit. Xi Jinping has been “cracking down” on corruption in recent years, arresting thousands of party officials, but as always the case in communist regimes, this is really just a trojan horse to target dissenters within the party. Xi has pretended to be targeting “crypto-linked corruption,” but the ultimate goal is to help disguise corruption among his allies in the party.
They’ll never be able to get rid of their new competitor.
$TDCCP’s Success Has Authoritarians Running Scared
The meteoric ascension of $TDCCP in the face of immediate attempted sabotage from the CCP, which exercises authoritarian control over a population over 1.4 billion, proves that the demand for an alternative to the status quo is so massive that even a behemoth like the CCP can’t stop it.
The rise of $TDCCP is more than a fleeting triumph over the CCP’s authoritarian tactics, it’s a powerful signal of a shifting global tide against CCP oppression.
Its rapid adoption foreshadows a future where gits usage will help dismantle the CCP’s power structure and control over its subjects.
The stakes couldn’t be higher. $TDCCP is merely the spark – but the fire it ignites could reshape the world.
