Former Coinbase government Balaji Srinivasan thinks Trump ought to think about airdropping his newly launched official memecoin to his supporters.
Srinivasan tells his 1.1 million followers on the social media platform X that Trump is “now strongly incentivized to legalize cryptocurrency in essentially the most aggressive means potential.”
However he additionally argues there’s an “alignment downside” with the brand new TRUMP coin.
“As context: the CEO of an organization is often one of many largest shareholders, however he’s aligned with all his workers as a result of they maintain the identical shares. All holders rise and fall as one, ideally.
By analogy, you’ll ideally need the President to be aligned together with his residents, such that all of them held (say) USA coin, which gave some dividend from the earnings of the USA. Sort of just like the Alaska Everlasting Fund.
So, a technique of fixing the alignment downside can be for Trump to airdrop some TRUMP to each US citizen. Nonetheless, it may be simpler for him to simply ship an electronic mail in his private capability to each Trump supporter providing them some free TRUMP.
Particularly: he may give 72 hours discover and all types of Democrats would additionally join his private electronic mail checklist, simply to get the airdrop.”
The previous Coinbase government says airdropping TRUMP would characterize “a brand new form of social contract” between a president and US residents.
TRUMP is buying and selling at $34.98 at time of writing. The Thirtieth-ranked crypto asset by market cap is down greater than 30% prior to now 24 hours however stays up by greater than 434% from the worth it launched at on Friday.
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