The 47T Foundation has announced a strategic airdrop to accelerate cryptocurrency adoption, backed by a $4.7 million donation from SoSoValue.
The foundation’s latest initiative aims to promote blockchain technology and align with its vision of a thriving global cryptocurrency market.
The celebratory airdrop commemorates Donald Trump’s pro-crypto stance and his return to Washington as the 47th U.S. President. Trump, widely recognized as the first “Crypto President,” has long advocated for blockchain innovation, having spoken at crypto conferences and championed policies favoring the industry, including proposing a U.S. strategic crypto reserve.
The airdrop will distribute $4.7 million worth of MAG7 index tokens, including BTC, ETH, and SOL, donated by SoSoValue, creator of the SoSoValue Index. Starting January 29, 2025, the first tranche, valued at $1 million, will be available for claim on SoSoValue’s official website. Token holders of $ETH, $AAVE, $LINK, $ONDO, and $ENA are eligible to participate, with potential rewards reaching up to $47,000 in “Trump Rewards.”
A spokesperson for the 47T Foundation emphasized the importance of this initiative in fostering mass crypto adoption, stating,
“This airdrop reflects a commitment to driving blockchain innovation and restoring America’s leadership in the crypto space.”
The foundation envisions a future where blockchain reshapes global finance, targeting a $47 trillion market capitalization. By empowering innovators and fostering adoption, the 47T Foundation aims to drive growth and community engagement within the cryptocurrency sector.
This report follows the successful launch of Donald Trump’s $TRUMP token, with ex-Coinbase CTO Balaji Srinivasan proposing an airdrop to U.S. citizens. Srinivasan, who praised Trump as the “first crypto president,” highlighted that $TRUMP now constitutes over 90% of Trump’s net worth, up from 1%. He suggested distributing $100 worth of locked $TRUMP tokens to 77 million Americans, totaling $7.7 billion, or $500 per person with $20 billion in reserve. Srinivasan views this as a way to align Trump’s crypto wealth with citizen ownership, boosting adoption and engagement.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
