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
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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.
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The Flocks partying till the final minute!
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pic.twitter.com/tyWtFk7ZoI
— Flockerz (@FlockerzToken) January 26, 2025
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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.
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