Why Memecoins Matter

Quick Summary:

The two most popular tokens, called Jeo Boden (Boden) and Doland Tremp (Tremp) respectively, represented the two leading candidates for president at that time and had a combined market cap of over $700 million at their peak.

There is a token, SBR (market cap: $30 million) that embodies the Bitcoin reserve policy currently under consideration and an e/acc token (market cap: $11 million) that stands for effective accelerationism, a set of pro-innovation values that are likely to impact environmental, industrial and AI policy, among others.

Memecoins are creating policy markets for civic engagement.

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Article Details

Author / Journalist: Ivo Entchev

Category: Crypto

Markets: United StatesCubaMali

Topics: Policyfi People Government Engagement Popular Tokens Memecoins Forest Policy Market Coindesk

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 21:33:28 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 1600 words

Reading Time: 9 minutes read

Sentences: 87 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 23852984

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