The proprietor of the Dallas Mavericks basketball workforce, Mark Cuban, has spoken about launching a meme coin much like $TRUMP. Nevertheless, Cuban says all proceeds would go towards paying off the US nationwide debt, which at present stands at over $36 trillion.
The tech billionaire posted on X on 20 January 2025 about his meme coin concept as a technique to gamble but additionally to “make a dent in the US debt.” The star of the enterprise actuality TV present, Shark Tank, mentioned the TRUMP and MELANIA tokens had been dangerous to the crypto trade.
If meme cash are the way in which, perhaps I’ll challenge one. With a twist. Identical phrases as $TRUMP . 20% float. Identical launch schedule. One distinction.
All of the income from the sale of the cash go to the US Treasury. The pockets handle will probably be printed so everybody can monitor it.
If…
— Mark Cuban (@mcuban) January 20, 2025
Discover: Bitcoin Hits New File Excessive! BTC Rises 6% To Surge Previous $109,000
Tech-Tycoon Flirts With The Concept Of Creating A Meme Coin To Chip Away At The US $36 Trillion Debt
He went on to say that if he had been to launch a meme coin, the proceeds would go towards serving to repay the ever-growing nationwide debt.
“If meme coins are the way, maybe I’ll issue one,” Cuban mentioned on X this week. He went on to say that his concept would have the identical phrases and launch schedule as Trump’s coin however with one important distinction.
“All the revenue from the sale of the coins go to the US Treasury,” he posted. “If you want to gamble, gamble. But at least use it to make a dent in the US Debt.”
It’s unclear whether or not Cuban is critical about creating his personal digital asset. After his tirade of posting on social media, Cuban replied to 1 X consumer’s remark with “Of course I won’t,” with reference to launching a meme coin.
The tech tycoon has lengthy championed crypto as a disruptive know-how, highlighting a have to concentrate on the tech similar to good contracts relatively than token costs.
Cuban Primarily Referred to as The President’s TRUMP Coin A “Grift”
Mark Cuban is a Shark Tank investor and a minority proprietor of the Dallas Mavericks basketball workforce. He earned his fortune by promoting his Broadcast.com startup to Yahoo through the dot-com bubble.
Through the Presidential marketing campaign, Cuban was a vocal supporter of Kamala Harris whereas being a fierce critic of Trump, with the 2 recurrently buying and selling jibes with each other.
Cuban posted on X that the TRUMP and MELANIA meme cash are harming the cryptocurrency trade.
“If you want crypto to grow and establish value and utility that truly benefits the issuer and the buyer, then the last thing you want to see is shit coins being issued by FLOTUS and POTUS,” the billionaire mentioned.
In a reply to a touch upon his meme coin submit, Cuban took a shot on the TRUMP token, basically calling it a grift. “Everyone benefits from lower debt,” he mentioned to 1 commenter, earlier than saying to a different, “If it’s a grift. Make it a grift to benefit all Americans.”
Previously twenty years, the US nationwide debt has practically tripled to a report $36 trillion. In a post-COVID world, tnterest charges have additionally surged, resulting in a significant rise within the federal authorities’s annual curiosity funds to above $1 trillion.
BONUS: Launch Day For Flockerz: Much less Than Two Hours Remaining To Purchase FLOCK At Itemizing Value Earlier than It Hits The Open Market
The Flocks partying till the final minute!
14M Raised!
pic.twitter.com/tyWtFk7ZoI
— Flockerz (@FlockerzToken) January 26, 2025
The Flockerz (FLOCK) presale concludes in lower than two hours after an unbelievable increase that has seen over $14 million in early-stage funding for the challenge. There may be nonetheless an opportunity to safe a bag of FLOCK on the public itemizing value as soon as it hits the exchanges.
This value nonetheless represents a stable funding as hyped token launches are inclined to spike in value upon launch. The itemizing value for FLOCK sits at $0.0066883 and plenty of throughout the group are anticipating a 10x return as soon as it hits the open market.
Flockerz stands out as a result of as a result of its hilarious blue chook theme. The challenge’s web site even includes a digital comedian guide that expands the Flockerz universe, nonetheless there’s extra to FLOCK than simply being a meme coin.
Flockerz’s primary function is its Vote-to-Earn system powered by a DAO (decentralized autonomous group). Traders of FLOCK can receives a commission simply by serving to to form the challenge’s future.
Each time token holders participate in governance, they get extra FLOCK tokens, irrespective of how they vote. Voting can happen for a lot of causes; whether or not to implement a buy-back and burn of tokens, whether or not to pay for trade listings, simply to call just a few.
To safe a bag of FLOCK at itemizing value, shortly head to the Flockerz web site, join your pockets (e.g. Greatest Pockets), and buy $FLOCK utilizing ETH, BNB, USDT, or a financial institution card.
Keep up-to date on the newest developments by connecting with the Flockerz group on X and Telegram.
It’s also possible to obtain Greatest Pockets on Google Play or the Apple App Retailer to see Flockerz within the Upcoming Tokens part.
Go to the Flockerz Presale Web site
EXPLORE: Inside Eric Trump Crypto Tax Masterplan: Greatest US-Based mostly Crypto Coins To Purchase?
Be part of The 99Bitcoins Information Discord Right here For The Newest Market Updates
The submit Mark Cuban Ponders Creating A Meme Coin Akin To TRUMP Coin With Proceeds To Pay Of US National Debt appeared first on 99Bitcoins.