Ex-Coinbase exec suggests $100 $TRUMP airdrop for every U.S. citizen

Former CTO of Coinbase, Balaji Srinivasan, believes Donald Trump ought to airdrop $TRUMP tokens to each U.S. citizen through mailing listing after one-third of the American public purchased his official meme coin

In a current post, Srinivasan dubbed Donald Trump because the “first crypto president” after the smashing success of the president elect’s meme coin launch, $TRUMP (TRUMP).

He said how the president elect’s web price is now dominated by cryptocurrency holdings, rising from a measly 1% to greater than 90%.

“In a single day, the overwhelming majority of the web price ($59 billion) of the following President of the US is now held in cryptocurrency. This may maintain true even with a 90% drop,” wrote Srinivasan.

Though he sees this as a serious win for the crypto business and the start of the tip for conventional fiat, he believes there may be now an “alignment problem,” particularly within the case Trump’s current token launch.

“You’ll ideally need the President to be aligned together with his residents, such that all of them held [for examples] USA coin, which gave some dividend from the income of the USA. Type of just like the Alaska Everlasting Fund,” he mentioned.

So as to resolve this problem, he steered Trump ought to airdrop some $TRUMP tokens to each U.S. citizen. He believes the feat might be accomplished utilizing a mailing listing that individuals would wish to join to obtain a share of the airdrop tokens.

Beginning together with his supporters, Srinivasan mentioned Trump may s ship $100 price of “locked up” $TRUMP cash to round 77 million Trump voters via an airdrop that’s prone to “solely” value him $7.7 billion in $TRUMP tokens. He added Trump may even ship out $500 price of TRUMP tokens per individual and nonetheless have round $20 billion to spare.

On the time of writing, $TRUMP has gone down by practically 10% previously 24 hours. The official Donald Trump-inspired meme coin is presently valued at $52.47, in keeping with data from crypto.information. The token’s market cap stands at $10.3 billion, rating in twenty first place on the crypto chief board.

Is $TRUMP sufficient to tempt the American public?

Except for rewarding his loyal supporters, Srinivasan additionally mentioned the huge airdrop may turn out to be a possibility to tempt Democrats into switching sides and supporting Trump in his presidency.

“He may give 72 hours discover and all types of Democrats would additionally join his private electronic mail listing, simply to get the airdrop,” mentioned Srinivasan.

In response to knowledge from a current survey carried out by NFTEvening and Storible, as many as one in all seven Americans bought the $TRUMP meme coin on launch day. Round 42% of those that purchased $TRUMP or MELANIA admitted to being first-time crypto patrons.

Nonetheless, greater than half of People are nonetheless skeptical of $TRUMP cash, believing them to be a rip-off or as a dangerous affect in direction of the crypto market.