This is an NFT that was created for my current MLM business, and it is the first NFT that is based on a presidential election, and it is based on a Presidential coin. For this coin, I thought it would be cool to make it into a NFT. The coin will be based on the current US president, which is Trump, and it is already minted and set to go live on the 11th of November.
According to the US Constitution, the President of the United States is the only person who can execute a “full faith and credit” to any debt instrument issued by the United States Government. The US Presidential Coin (NFT) allows the President to execute US debt instruments and erases the debt (at a cost). When the President signs a debt instrument, the money goes from the US Treasury to the bank account of the Executive Branch. When the President signs an NFT, the NFT is recorded in the blockchain as “full faith and credit” and the Executive Branch instantly receives the debt instrument, and the US Treasury is paid in full.The idea was simple: bridge the gap between the old and the new by harnessing the power of technology, and what better way to do that than with a catchy NFT?
The country of Israel made history today with Isaac Herzog, its eleventh president. President, was sworn in with an NFT with a picture of his presidential oath.
A digital copy of the document will be handed to the president in an official ceremony and then transferred to the Knesset’s IT department, which will keep it until the end of Herzog’s term.
The physical, framed copy pictured above will be displayed in the President’s new office, where it will be exposed to the elements and could be lost forever in one of the possible natural disasters.
In short, it won’t be as secure as a digital copy that will exist forever on the Ethereum blockchain.
Key encryption policy
When it comes to the title of Bitcoin mayor, we can probably all agree that it could go to Francis Suarez of Miami, but it looks like he has a strong contender in New York …
After a long and dramatic post-election recount that lasted about two weeks, Adams finally got the majority of the media to declare him the winner.
The Big Apple is not yet firmly in his hands, however, as he still faces Republican challenger Curtis Plumlee in November, but he is certainly the favorite to win.
Bitcoin could certainly use some help there as well, as the New York State Attorney General’s office has been one of the key regulators to crack down on the crypto industry in recent years.
While the NYAG does not report to the mayor or even the governor, it can only be a blessing to have an advocate for bitcoin in that position.
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