Former Coinbase executive Balaji Srinivasan thinks Trump should consider airdropping his newly launched official memecoin to his supporters.
Srinivasan tells his 1.1 million followers on social media platform
But he also claims there is an “alignment issue” with the new TRUMP part.
“For context: the CEO of a company is typically one of the largest shareholders, but he is aligned with all of his employees because they own the same shares. Ideally, all holders move up and down as one.
By analogy, you would ideally want the president to align with his citizens, such that they all hold (say) US coins, which pay dividends on US profits. Kind of like the Alaska Permanent Fund.
So, one way to solve the alignment problem would be for Trump to drop TRUMP to every American citizen. However, it might be easier for him to just personally email all Trump supporters offering them free TRUMP.
More to the point: He could give 72 hours notice and all sorts of Democrats would sign up for his personal mailing list too, just to get the airdrop.
The former Coinbase executive says dumping TRUMP would represent “a new type of social contract” between a president and American citizens.
TRUMP is trading at $34.98 at the time of writing. The 30th-ranked crypto asset by market capitalization is down more than 30% in the past 24 hours, but remains up more than 434% from the price it launched at on Friday.
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