South Korea’s presidential candidates issue NFTs in latest bid to win votes

South Korea’s statesmanlike candidates are locked successful a adjacent contention and are looking to garner much enactment successful the crypto assemblage via NFTs.

The country’s blimpish enactment campaigner Yoon Suk-yeol issued 4000 NFTs past week astatine astir $40 each connected the South Korean NFT marketplace CCCV. He intends to merchandise a full of 22,329 NFTs.

The issuance follows a akin determination from the ruling Democratic enactment campaigner Lee Jae-myung, who announced earlier successful the twelvemonth that helium would rise airdropped NFTs earlier successful the year.

The young and the bold

The last predetermination time is March 9 and some candidates person gone to large lengths to triumph enactment from younger voters. This is due to the fact that the older demographics are already acceptable successful their choices, portion younger voters are inactive undecided.

South Korea has a precise precocious crypto adoption rate. A caller survey showed that 4 retired of 10 South Koreans betwixt the ages of 20 and 30 ain crypto, portion the full trading measurement of crypto successful the state exceeds that of the KOSPI banal exchange.

The 2 nominees person tapped crypto-related firms and investors with promises to amended the regulatory scenery successful the state successful a bid to sway their votes. Their superior committedness is to bring backmost ICOs, which were banned successful 2017, and marque them safer for investors.

Lee has promised to institutionalize virtual assets, hole a model for the listing of cryptocurrencies and physique a much transparent strategy for nationalist disclosure of information. Meanwhile, Yoon promises to make a caller authorities bureau called the Digital Industry Promotion Agency which volition beryllium tasked with starring and monitoring the crypto and NFT industry.

“Squid Game” elections

South Korea’s latest elections person been a cutthroat affair, with some sides resorting to unprecedented levels of antagonistic campaigning spanning from toxic rhetoric to full-blown lawsuits.

People are likening the predetermination to 2021’s fashionable endurance TV amusement Squid Game, wherever contestants were killed if they did not win astatine the game. Similarly, determination are rumors that whichever campaigner loses the contention volition extremity up successful jail.

“It’s a dreadful statesmanlike predetermination erstwhile the losing contender faces prison. Please past this dogfight successful the mire!”

Senior absorption person Hong Joon-pyo wrote successful a Facebook post.

Both candidates person accused each different of being progressive successful assorted scandals and person adjacent targeted each other’s wives. The antagonistic campaigning has lone served to exacerbate an already terrible governmental disagreement for the state and reports assertion that some candidates person much critics than supporters among the public.

“Isn’t our nationalist aboriginal excessively bleak with an unpleasant and bitter statesmanlike predetermination that calls for choosing the lesser of 2 evils?”

Mass-circulation Dong-A Ilbo paper wrote successful an editorial.

The 2 statesmanlike nominees precocious promised during a TV statement that they volition not motorboat politically motivated transgression investigations against each different if they win.