FreeSpeech.Finance, known also by its ticker SPEECH, is a so-called "meme coin" that donates its revenues to organizations that defend free speech rights.
SPEECH was launched on Halloween this year in homage to Satoshi Nakamoto, the mysterious figure who introduced the first cryptocurrency Bitcoin on Halloween in 2008. It's available on the decentralized exchange PancakeSwap. A 5% transaction fee is collected and donated to free speech causes.
So far, the crypto has made donations The Foundation for Individual Rights in Education, a non-profit and non-partisan organization in the U.S. that defends students’ and faculty’s free speech at colleges and universities, and Reclaim The Net, an e-newsletter covering online censorship around the world.
Grabowski, a journalist-turned-lawyer-turned-professor, hopes to capitalize on the growing popularity of cryptocurrency to promote free speech. Meme coins, in particular, have become all the rage of the cryptocurrency market lately, making investors wealthy and providing fodder for Elon Musk tweets and Saturday Night Live skits.
“With big tech and governments increasingly censoring internet users’ expression worldwide, fighting for our fundamental right to free speech has never been more important. And what better way to support that effort than through cryptocurrency, which was designed to be pseudonymous and censorship-resistant,” Grabowski said. “FreeSpeech.Finance will literally finance free speech. We believe this project exemplifies the vision of the early cypherpunks, including Satoshi Nakamoto.”