Balaji Srinivasan, Former Chief Technology Officer of Coinbase shared his ideas on how Donald Trump could capitalize on the successful launch of his $TRUMP memecoin by giving it a utility leveraging his brand as the President of the free world.
Balaji shared his Ideas on X giving a breakdown of the entire $TRUMP cycle and how Trump can leverage his brand and position to create a super memecoin.
He explained that the $TRUMP story is a watershed moment in the crypto industry and public figures are watching keenly how the story turns out before they dive in themselves.
Hence there is a need for Trump to take active measures to ensure that the $Trump memecoin is not just another memecoin but a lasting one with a strong community outperforming other memecoins.
Airdrop to 77 million voters
Balaji hinted that the Donald Trump team can build a solid community by airdropping $100 in locked $TRUMP tokens to his 77 million voters. He explained this strategy as being a win-win for Trump, his political career, and his supporters.
The airdrop would cost Trump $7.7 billion a mere fraction of what he has gained over the past two days following the launch of his memecoin.
Memecoin’s are driven by the strength of its community and a real-world use case if available.
According to Balaji, $TRUMP could become the king of memecoins if Donald Trump efficiently leverages his over 100 million followers, his consistent media coverage, and his status as the president of the United States.
Conflict of Interest
The former Coinbase CTO pointed out Donald Trump getting heavily involved in crypto could be used by his political opponents on the grounds of conflict of interest.
Donald Trump’s involvement in crypto could make his administration too pro-crypto and thereby have a bias toward regulating the industry properly.
He explained that Trump doing Crypto tallies with other past presidents and political figures leveraging their position in some sort of way to improve their finances.
The upside of the President-elect getting involved in crypto includes the rolling out of pro-crypto policies and the possible launch of a Strategic Bitcoin reserve.
Donald Trump’s inauguration is scheduled to begin by 11:30 am UTC on Monday ushering in the beginning of his administration. The 45th president of the US returns as the 47th president after securing 77 million votes in November last year.
