Balaji Srinivasan, a former executive at Coinbase, thinks Trump could consider airdropping the newly released official memecoin among his supporters.
Srinivasan tells Trump has 1.1 Million followers on X, the social media platform. “now strongly incentivized to legalize cryptocurrency in the most aggressive way possible.”
There’s also an argument that he makes. “alignment problem” With the new TRUMP coin.
“Context: The CEO of a firm is one of its largest shareholders. He is also aligned to all of his employees, because they share the same shares. Ideal is that all holders will rise or fall together.
As an analogy you’d want your President to have a good relationship with all of his citizens. So, they would hold (say) USA Coin, which paid a certain dividend on the USA profits. Similar to the Alaska Permanent Fund.
One way to solve the problem of alignment would be to have Trump airdrop TRUMP to all US citizens. But it would be much easier to simply send an offer via email, in his own name to each Trump supporter.
“He could, for example, give 72-hour notice to all Democrats and they would sign up on his email list just so that they can receive the airdrop.”
Former Coinbase executive: Airdropping TRUMP is not acceptable “a new kind of social contract” Between a US president and US citizen.
TRUMP was trading at $34.98 as of the time this article is written. The market cap of the 30th ranked cryptocurrency asset has dropped more than 30% over the past day, although it is still more than 4344% higher than the launch price on Friday.
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