IOHK could demonstrate Cardano's multi-asset standard with Presidential campaign coins for Kanye West and Brock Pierce

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Cardano could see Presidential coins issued on its platform in order to demonstrate its multi-asset standard, Charles Hoskinson said in his latest AMA. IOHK is considering coins to commemorate Kanye West and Brock Pierce's presidential campaigns.

The coin itself wouldn't be affiliated with Kanye, but the number of coins issues will match the number of votes he gets in the upcoming U.S. presidential elections.

The crypto media has been ablaze with news about the potential launch of West's namesake coin that most missed the real story behind it.

Namely, the upcoming Kanye Coin isn't and probably won't be directly affiliated with West himself, as it was envisioned more as a marketing tool to promote the Cardano blockchain.

First announced by Charles Hoskinson, the CEO of IOHK, the coin would be a fun way to demonstrate Cardano's multi-asset standard and show the potential the blockchain has.

"If it's not a joke, when Cardano has native assets, to demonstrate the power uniqueness of native assets, we will issue Kanye Coin.".

When it comes to the purpose of the Kanye Coin, Hoskinson said that it would be more of a collector's item than a utility coin.

The total supply of the coin wouldn't be known until after the election, as one token would be issued for each vote that West gets in the election.

Demonstrating Cardano's multi-asset standard wouldn't end with the Kanye Coin, either.

"So also to advertise our native asset standard, we will do the same for Brock Pierce-Pierce Coin and Kanye Coin.".

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