Presidential Candidate in South Korea to Raise Funds in Cryptocurrency, Issue NFTs
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Presidential Candidate in South Korea to Raise Funds in Cryptocurrency, Issue NFTs

THELOGICALINDIAN - Lee Jaemyung nominated by the cardinal affair in South Korea for the accessible presidential elections this bounce is advancing to accession funds in cryptocurrencies and affair nonfungible tokens for supporters His attack hopes that the action will woo adolescent and techsavvy Korean voters whose absorption in agenda assets is growing

Ruling Party of South Korea to Collect Crypto Funds for Presidential Bid

The Democratic Party of Korea, the country’s arch political force, is activity to accession acclamation funds through cryptocurrency and affair receipts to donors in the anatomy of non-fungible tokens (NFTs), Korean media appear on Sunday. The money will be acclimated to accounts the attack of the party’s presidential nominee, Lee Jae-myung.

Bitcoin (BTC), ethereum (ETH), and up to three added cryptocurrencies are now beneath consideration. The final account of bill to be accustomed will be appear in mid-January, the board managing Lee’s run unveiled, quoted by the Korean Herald and the Yonhap account agency.

The NFTs will affection photos of the applicant and his acclamation pledges to those who accord to the fundraising attack for the presidential vote on March 9. The tokens are accepted to serve as a new average for advice with adolescent voters, abnormally the bearing of agenda natives. Attack official Kim Nam-kook elaborated:

The letters agenda that the Democratic Party has been exploring means to acquire cryptocurrency donations and affair NFT receipts to highlight its bet on technology and allure millennial voters. Lee Kwang-jae, who active the board on approaching abridgement in the attack team, said that the DP was told by the National Acclamation Commission that it doesn’t breach any acclamation laws by accepting crypto.

On Thursday, the administrator announced he will himself alpha to booty agenda bill from supporters. “With politics, we should breach the regulations and advance new industries such as metaverse and NFT and accord achievement to the adolescent people,” Lee Kwang-jae insisted.

Party admiral affirmation that if Lee Jae-myung’s action is successful, he will become the world’s aboriginal applicant to affair NFTs as allotment of efforts to accounts a presidential bid. The non-fungible tokens, apery political memorabilia, could additionally authority approaching amount and serve as an advance for the donors. The donated agenda money will be adapted into Korean won through a crypto barter and again deposited into the campaign’s account.

Do you apprehend added Korean politicians to alpha accepting cryptocurrency donations? Tell us in the comments area below.

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