Thailand’s Next Prime Minister Sretha Thavisin To Airdrop National Token Via Blockchain Technology

Key Points:

• Real estate developer Sretha Thavisin becomes Thailand’s next prime minister, chosen by the Pheu Thai Party after a disputed election, showcasing his prior involvement in the digital asset sector.
• Thavisin’s campaign includes a pioneering nationwide “airdrop” initiative, offering each Thai citizen above 16 years old 10,000 baht using a distinct national token within a limited radius of their homes, combining blockchain technology and governance to reshape Thailand’s digital economy.

In a groundbreaking move that intertwines national leadership and blockchain innovation, Sretha Thavisin, a prominent real estate developer, has been appointed as Thailand’s next prime minister. 

Following a disputed election, the Pheu Thai Party has taken the reins, selecting Thavisin to lead the country. Notably, Thavisin’s prior involvement in the digital asset space has ignited anticipation for progressive initiatives.

Thavisin’s ascent to the political realm follows his role as CEO of Sansiri, a prominent real estate developer in Thailand with a dynamic presence in the digital asset sector. Sansiri’s acquisition of a 15% stake in Thai digital asset service provider XSpring, along with its launch of the “SiriHub Token,” a REIT-like structure, underscore his contribution to merging real estate and digital innovation.

Central to Thavisin’s campaign is the ambitious promise of a nationwide “airdrop.” This initiative would bestow each Thai citizen aged 16 and above with 10,000 baht (approximately $300). The unique twist lies in its utilization – the token can only be spent within a four-kilometer radius of one’s home. 

This airdrop project will be facilitated by a proprietary national token, differentiating itself from existing cryptocurrencies. Critiques surrounding the initiative highlight its potential cost of up to 500 billion baht ($14.3 billion) and its overlap with Thailand’s ongoing digital banking efforts.

Udomsak Rakwongwan, co-founder of FWX.finance, a decentralized derivatives platform, projects that Thavisin’s leadership will pave the way for more lenient cryptocurrency regulations, fostering a surge in cryptocurrency projects within Thailand. This augurs well for the burgeoning blockchain and crypto landscape in the country.

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