BOSTON, MA - Over the past year, meme tokens (satire or community digital token projects) have occupied a notable place alongside Bitcoin in the global crypto conversation. In fact, the entire meme token sector has vastly outperformed nearly every area of crypto, garnering the attention of institutional and alternative investment managers.
Emerging out of the meme melee, however, is a new kind of on-chain political action mechanism: PolitiFi tokens.
With a total market cap (as of this writing) nearing $500 million, the PolitiFi token sector now occupies its own section within CoinMarketCap.
So what's in a meme? According to Sarson Funds cofounder Jahon Jamali, it's lighting in a bottle for political action.
"You can harken back to Thomas Nast, the father of the American political cartoon, who used the syndication network of his day - newspapers, most notably Harper's Weekly in the late 1800, to take down Boss Tweed - to see what kind of potency this type of activity can deliver," said Jamali.
PolitiFi tokens have evolved quickly into a spectrum of projects. There exists an array of lampoon-style satire focused projects like BODEN and TREMP, but to Jamali, who also serves as CEO of the American Crypto Academy, it's the projects with built in revenue mechanisms that stand to have real-world electoral implications.
Two notable projects have emerged with a transaction fee on each buy/sale, the revenue of which supports both the project and causes aligned with the candidate.
In fact, the MAGA Memecoin has already donated over 400 ETH, roughly half directly to Trump's public Ethereum wallet, and half to aligned charitable causes according to the project's website.
However, it's RFKJ (Independence Token), which employs a similar transaction mechanic, that has tapped into the core of the emerging wave of independent decentralized political action. The project aims to balance fun while also delivering campaign awareness, with promotional video releases and in-person rally events.
Robert Kennedy Jr has made clear his support for proactive digital asset policies, and his growing fanbase amongst cryptocurrency communities is shining a spotlight on this type of political action.
While neither MAGA Memecoin nor RFKJ have any formal affiliation with the Trump or Kennedy campaigns, the RFKJ token project has afforded enormous access to an independent candidate who's adamantly pro-crypto.
Sarson Funds CEO John Sarson, made emergent PolitiFi opportunities like RFKJ Independence Token a core topic of the firm's recent investor town hall meeting.
Jamali concluded, "I believe investors and politicos alike should take notice of the mechanics offered by token projects like RFKJ; they stand to become a harbinger for how to deploy what is effectively a decentralized political action committee (PAC)."
