Lee Jae-myung will also be the first presidential candidate in the world to issue an NFT
The presidential campaign of South Korean politician Lee Jae-myung, who was officially nominated to the Progressive Democratic Party in October, will accept bitcoin and ethereum as well as three other cryptocurrencies that have yet to be chosen by his election committee, The Korea Times Report.
Crypto-savvy supporters of Lee will be able to start contributing to the campaign this month. According to the report, all donated crypto will be converted into cash with the help of a local exchange.
The capricious politician’s crypto fundraising plan also includes non-fungible tokens. Those who donate to Lee’s campaign will receive an NFT receipt containing a photograph of the candidate along with their campaign promises.
This made the former governor of Gyeonggi Province the first presidential candidate in history to issue an NFT.
The crypto push is part of Lee’s effort to woo young voters. According to a survey published in November, 40.5% of respondents aged 20 to 40 said they had invested in cryptocurrencies.
Last month, he said that while lecturing at Seoul National University, he said he wanted South Korea to lead the global cryptocurrency landscape, describing crypto as an “incredible reality.”Lee also supported delaying the taxation of cryptocurrencies next year, while also promising to increase the deduction limit.
The most recent pre-election poll published on 1 January shows Lee has a 4.6% lead over the conservative People Power Party candidate Eun Suk-yol.
The Presidential election is scheduled to be held on March 9, 2022.