Kanye Coin To Be Airdropped By IOHK To Prove How Unique ADA Is

Following the news of Kanye West officially candidating for US president, the CEO of IOHK (the parent company of ADA) declared that IOHK will issue a “Kanye Coin” which will demonstrate the uniqueness of Cardano and its multi-asset standard.

A few days ago, the Cardano Virtual Summit was brought to its end, and the inventor of the cryptocurrency Charles Hoskinson proudly took the time to answer the questions of the community in a new AMA on YouTube.

Hoskinson began by talking about Kanye West and his US presidential candidacy, as he connected the crypto news to a “Kanye Coin” as a form of support for West. The issuance of such cryptocurrency will also show the support that IOHK has for Kanye West and promote Cardano’s multi-asset standard, which will be published with Goguen.

“If it is not a joke, when Cardano has native assets, to demonstrate the power and uniqueness of native assets we will issue a Kanye Coin and the circulation will be 1 token for each vote Kanye gets in the election. That can be a nice collector’s item and we will airdrop them proportionally to all the ADA holders. So we wish you very well Kanye. […] Brock Pierce also announced [it]. He’s an old friend of mine. […] So to also advertise our native asset standard we will do the same thing for Brock Pierce,” the CEO of IOHK, Charles Hoskinson noted.

We must now realize the promise of America by trusting God, unifying our vision and building our future. I am running for president of the United States 🇺🇸! #2020VISION

— ye (@kanyewest) July 5, 2020

He was also in the Cardano news for sharing that the cryptocurrency (ADA) will need to have an oracle to transfer the election results to the Cardano Blockchain. The release is planned until election day, and Hoskinson also considered a platform for prediction market similar to the ETH-based Augur. He said:

This will require an Oracle, so obviously we will build an Oracle and will get it up and running, hopefully before the election. […] and also it would be very cool to have a prediction market in place, so maybe we can use the cFund to figure that out. So we can have predictions, who will have a higher circulation: Kanye Coin or Pierce Coin.

As he announced at the Cardano Virtual Summit, this multi-asset standard is expected to be released within 120 days – and the smart contracts of Cardano to be laid within 150 days.