20% Float With All Proceeds Going To The US Treasury
latest emission Driven by President Donald Trump and First Lady Melania Trump, the launch of the Trump and Melania Tokens has sparked excitement and caution among memecoin and the broader cryptocurrency community emotions.
The craze has caught the attention of billionaire investor Mark Cuban, who, inspired by the recent meme coin movement, is now considering creating his own meme coin.
Cuban’s vision for Memecoin: combining fun with financial responsibility?
in the most recent social media postsThe famous billionaire opened the door to the possibility of launching a new memecoin, saying: “If memecoins are the right way, maybe I’ll issue one.”
His announcement piqued the curiosity of cryptocurrency enthusiasts, especially when he suggested that his meme coin would mirror the parameters of Trump’s Trump meme coin.
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Cuban plans to implement a 20% float and adhere to a similar issuance schedule, but with one significant difference: All potential revenue generated from sales will go directly to U.S. Treasury Department. To increase transparency, Cuban also said wallet addresses will be public, allowing anyone to track funds.
Cuban sees his initiative as a way to combine entertainment with social purpose, stating: “If you want to gamble, then gamble. But at least use it to reduce the U.S. debt.”
The announcement reflects a growing belief among some investors that meme coins can serve a dual purpose – providing entertainment and potential benefits for broader social issues. Cuban’s proposal didn’t come without criticism, however.
Cubans cite Dogecoin’s success
In response to Cuban’s statement, a user on X (formerly Twitter) warn him Regarding the potential pitfalls of launching a meme coin, this suggests that he could be accused of exploiting information asymmetries in issuing the coin.
The user emphasized that the price of the so-called meme coin will be determined by supply and demand dynamics, starting from close to zero, and warned Cuban not to act without careful consideration.
Undeterred by the criticism, Cuban defended his understanding of the issue. Meme Coin Landscape, said: “It wasn’t hard to put it together. I never thought about making a meme coin. It wasn’t hard at all.”
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The back-and-forth conversation continues, with users claiming that creating a sustainable memecoin that benefits long-term holders is challenging.
He further believes that successful memecoins often come from community-driven initiatives rather than top-down issuances, and warns that the hype surrounding celebrity-backed issuances can lead to short-term trading rather than cultivating an organic community.
Cuban concluded the exchange by acknowledging that community is crucial to the meme coin’s longevity. He gave this example Dogecoin (DOGE) and Shiba Inu (SHIB), thrive due to their strong communities.
“I’m not saying buyers won’t be disgusted. I’m saying it’s gambling. It’s a game of musical chairs. There are no guarantees. There’s no pump around me. Just total transparency,” he stressed.
At the time of writing this article, trump card Memecoin is trading at $44,778, plummeting more than 50% from its peak of $79 reached over the weekend, and has recovered 14% in the past 24 hours.
Featured image from CNBC, chart from TradingView.com
