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

Lee Jae-myung, nominated by the ruling enactment successful South Korea for the upcoming statesmanlike elections this spring, is preparing to rise funds successful cryptocurrencies and contented non-fungible tokens for supporters. His run hopes that the inaugural volition woo young and tech-savvy Korean voters whose involvement successful integer assets is growing.

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

The Democratic Party of Korea, the country’s starring governmental force, is going to rise predetermination funds done cryptocurrency and contented receipts to donors successful the signifier of non-fungible tokens (NFTs), Korean media reported connected Sunday. The wealth volition beryllium utilized to concern the run of the party’s statesmanlike nominee, Lee Jae-myung.

Bitcoin (BTC), ethereum (ETH), and up to 3 different cryptocurrencies are present nether consideration. The last database of coins to beryllium accepted volition beryllium announced successful mid-January, the committee managing Lee’s tally unveiled, quoted by the Korean Herald and the Yonhap quality agency.

The NFTs volition diagnostic photos of the campaigner and his predetermination pledges to those who donate to the fundraising run for the statesmanlike ballot connected March 9. The tokens are expected to service arsenic a caller mean for connection with younger voters, particularly the procreation of integer natives. Campaign authoritative Kim Nam-kook elaborated:

As the young procreation successful their 20s and 30s are funny successful emerging technologies, including virtual assets, NFTs and the metaverse, this benignant of fundraising could entreaty to them.

The reports enactment that the Democratic Party has been exploring ways to judge cryptocurrency donations and contented NFT receipts to item its stake connected exertion and pull millennial voters. Lee Kwang-jae, who heads the committee connected aboriginal system successful the run team, said that the DP was told by the National Election Commission that it doesn’t interruption immoderate predetermination laws by accepting crypto.

On Thursday, the lawmaker announced helium volition himself commencement to instrumentality integer coins from supporters. “With politics, we should interruption the regulations and foster caller industries specified arsenic metaverse and NFT and springiness anticipation to the young people,” Lee Kwang-jae insisted.

Party officials assertion that if Lee Jae-myung’s inaugural is successful, helium volition go the world’s archetypal campaigner to contented NFTs arsenic portion of efforts to concern a statesmanlike bid. The non-fungible tokens, representing governmental memorabilia, could besides clasp aboriginal worth and service arsenic an concern for the donors. The donated integer wealth volition beryllium converted into Korean won done a crypto speech and past deposited into the campaign’s account.

Do you expect much Korean politicians to commencement accepting cryptocurrency donations? Tell america successful the comments conception below.

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