According to Kokesh, the proposed token will enable the American government to relinquish power back to the locals. The AP press release further wrote that AmeriCoin will develop a new monetary system that replaces the outdated and largely expensive fiat currency for the American people.

If he wins, the token will be distributed to all American people equally in a form of universal basic income (UBI) and reparations to citizens under poor government policies and taxes. Alastair Caithness said,

“AmeriCoin has the potential to restore liberty to all people in the United States, and we are building a dream team of blockchain experts to join me in developing this important project.”

The AmeriCoin token is a stablecoin backed by the combination of all of the government’s assets from bonds, land, energy, and gold among others. The token will be based on a blockchain working a similar payment system to Bitcoin, the top cryptocurrency.

To see the AmeriCoin plan come to fruition, Adam appointed Caithness, the CEO of Ziyen Energy, a technology-driven company focused on the tokenization of energy infrastructure assets. Having launched a cryptocurrency based on Ziyen products, Caithness is looking to bring her experience and skills to the AmeriCoin project too. She said,

“I am confident that Adam’s initial idea to create an American cryptocurrency can be combined with the rapid advances in the architecture of asset-backed tokenization to develop AmeriCoin as a force for financial freedom.”

The politicians in the U.S Presidential election have shown little care for the field during their campaigns. Of the vast number of candidates, only Andrew Yang, a crypto enthusiast, now dropped out of the Democratic presidential candidate race and Kokesh has shown an affinity to the industry.

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