Thai Opposition Party Candidate Pledges $300 Crypto Airdrop to Boost Economy
Srettha Thavisin, a candidate for Thailand's main opposition party, Pheu Thai, has promised to give every Thai citizen a bonus of 10,000 baht (approximately $300) in cryptocurrency, as reported by CoinDesk. This pledge is a part of Thavisin's proposed economic stimulus measures, which are based on the concept of universal basic income and digital currency.
Local media outlet Bangkok Post stated that Thavisin's policy aims to offer some economic relief to Thai citizens burdened with high household debt. In an interview with Bloomberg, Thavisin criticized the current government's approach, arguing that providing small amounts of money does not stimulate economic growth. Instead, he believes that his proposed policy can help improve Thailand's economic situation, which has suffered due to stagnant income levels and increasing living costs.
At the time of writing, it remains unclear which digital currency or token will be used for the airdrop, as a spokesperson for the Pheu Thai Party has not yet responded to CoinDesk's request for an interview.
On April 7, 2023, Bitcoin mining difficulty reached an all-time high of 47.89 T, marking a 2.23% increase. However, it is unlikely that Bitcoin would be used for the airdrop due to its scarcity and high value. The chosen cryptocurrency must strike a balance between being valuable enough to benefit recipients and being feasible for widespread distribution. It will be interesting to see how this proposed policy unfolds and impacts Thailand's economy.
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