The proprietor of the Dallas Mavericks basketball staff, 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 solution to gamble but additionally to “make a dent within the US debt.” The star of the enterprise actuality TV present, Shark Tank, stated the TRUMP and MELANIA tokens have been dangerous to the crypto trade.
If meme cash are the best way, possibly I’ll subject one. With a twist. Similar phrases as $TRUMP . 20% float. Similar launch schedule. One distinction.
All of the income from the sale of the cash go to the US Treasury. The pockets handle shall be revealed so everybody can observe 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 have been to launch a meme coin, the proceeds would go towards serving to repay the ever-growing nationwide debt.
“If meme cash are the best way, possibly I’ll subject one,” Cuban stated 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 vital distinction.
“All of the income from the sale of the cash go to the US Treasury,” he posted. “If you wish to gamble, gamble. However a minimum of use it to make a dent within the US Debt.”
It’s unclear whether or not Cuban is severe about creating his personal digital asset. After his tirade of posting on social media, Cuban replied to 1 X consumer’s remark with “In fact I gained’t,” with regard to launching a meme coin.
The tech tycoon has lengthy championed crypto as a disruptive expertise, highlighting a have to deal with the tech corresponding to good contracts fairly than token costs.
Cuban Primarily Known as The President’s TRUMP Coin A “Grift”
Mark Cuban is a Shark Tank investor and a minority proprietor of the Dallas Mavericks basketball staff. He earned his fortune by promoting his Broadcast.com startup to Yahoo in the course of 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 frequently 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 need crypto to develop and set up worth and utility that really advantages the issuer and the client, then the very last thing you need to see is shit cash being issued by FLOTUS and POTUS,” the billionaire stated.
In a reply to a touch upon his meme coin put up, Cuban took a shot on the TRUMP token, basically calling it a grift. “Everybody advantages from decrease debt,” he stated to 1 commenter, earlier than saying to a different, “If it’s a grift. Make it a grift to learn all Individuals.”
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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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 lots of throughout the group are anticipating a 10x return as soon as it hits the open market.
Flockerz stands out as a result of resulting from its hilarious blue chook theme. The mission’s web site even includes a digital comedian ebook that expands the Flockerz universe, nonetheless there’s extra to FLOCK than simply being a meme coin.
Flockerz’s fundamental 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 mission’s future.
Each time token holders participate in governance, they get extra FLOCK tokens, regardless 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 a couple of.
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