Thailand Leader: Will Airdrop $300 In Crypto If Elected To Power
Crypto News: In a strange development that could shake the crypto market in the next few months, Thailand opposition party leaders made an innovative election promise that involves giving away of crypto tokens. The party leaders made the promise in the wake of the country’s bad economic situation. Latest reports suggested that Thailand’s main opposition party is offering to give away $15 billion in cash via blockchain based digital wallets. The move is intended to revive the country’s economy and to fight debts.
Also Read: Mt. Gox To Commence Repayment Of 142K BTC As Deadline Passes; Bitcoin Price In Danger?
Thailand Party Offers Crypto Benefit
According to a Bloomberg report, the opposition party led by Pheu Thai, if elected to power, will distribute 10,000 baht each to about 55 million eligible citizens. This will amount to roughly $300 worth crypto transferred to individual digital wallet. The report quoted a party representative as saying,
“The money will be disbursed using digital wallets built on blockchain technology that can be spent on goods and services in one’s neighborhood.”
Stating that the “digital wallets will provide the necessary initial revival,” the representative revealed plans on how they would fund this program. Funds will be gathered from an array of government revenue sources, the prime minister’s discretionary fund, and taxes.
Also Read: Dogecoin (DOGE) Price Tanks 9% As Twitter Restores Original Logo, Whales Dump
If implemented successfully, the crypto fund distribution program could potentially come as a boon for the cryptocurrency market. Also, it would act as major validation for the rest of the world, considering El Salvador’s plans to accumulate Bitcoin grabbing eyeballs in the global markets.
- Just In: Nasdaq-Listed VivoPower Raises $19M in Equity to Expand XRP Treasury Holdings
- Solana Price Rallies 5% as Nasdaq-listed VisionSys Launches $2B SOL Treasury Strategy
- XRP Ledger Rolls Out MPT Standard for Real-World Asset Tokenization
- SEC Puts Crypto ETF Approvals On Hold Following U.S. Government Shutdown
- Pi Network Adds DEX and AMM Features To Expand Pi Coin’s Utility
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
- SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism
- Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
