• After the announcement of Kanye West's presidential candidacy in the United States, Charles Hoskinson said that the IOHK would issue a "Kanye coin" to demonstrate the uniqueness of the Cardano multi-asset standard .
• As Hoskinson also eagerly stated, Cardano will be competing with all projects in the crypto market in the next 12 months.

After the Cardano Virtual Summit ended just a few days ago, Cardano inventor Charles Hoskinson again took the time to answer questions from the community in an AMA on YouTube. Hoskinson started by talking about the US presidential bid for Kanye West and explained that he and IOHK West would support the bid with a Kanye coin. The token issue is intended to promote the multi-asset standard of Cardano, which will be published with Goguen.

If this is not a joke, when Cardano has indigenous assets, to demonstrate the power and uniqueness of indigenous assets, we will issue a Kanye coin and the circulation will be 1 token for each vote that Kanye obtains in the elections. It can be a beautiful collector's item and we will drop them proportionally to all ADA holders. So we wish you very much Kanye. […] Brock Pierce also announced it. He's an old friend of mine. […] So, to also announce our standard for native assets, we will do the same for Brock Pierce.

As Hoskinson also noted, Cardano will have to have an oracle to transfer the election results to Cardano Blockchain. Release is scheduled until polling day. Hoskinson also envisioned a prediction market platform similar to the Augur based on Ethereum:

This will require an Oracle, so we will obviously build an Oracle and put it in place, hopefully before the election. […] And it would also be very cool to have a prediction market in place, so maybe we can use cFund to figure this out. So we can have predictions, which will have higher circulation: Kanye Coin or Pierce Coin.

As announced at the Virtual Summit, the multi-asset standard is expected to be published within 120 days. In addition, the foundation stone for Plutus and Cardano's smart contracts must be laid within 150 days.

Cardano will compete with each project in 12 months

This is not the first time that Hoskinson has also pointed out that Cardano is gaining more and more respect from all sides and will be able to compete with any project within the crypto community in the next 12 months , especially Ethereum . He also recognized the importance of decentralized finance (DeFi). Gone are the days when Cardano was flirted as a purely scientific project, said Hoskinson:

Nothing is out of reach for us at this point. Everything in the DeFi space within 12 months we can be a leader in this category. There are a lot of usability and utility projects where they need to be and they are right to make an appearance. This will bring many users into the system.

Hoskinson also made an interesting statement in WADA about stablecoins. IOHK is currently studying two stablecoins: one possibility is that IOHK is partnering with ERGO and EMURGO in a joint venture to develop a stablecoin. This should not be covered by the USD and will therefore continue its "own monetary policy".

According to a June announcement, the two companies are collaborating on the research and development of a stablecoin and the provision of financial services via decentralized applications. Another option is a "basket token" which holds various stable coins, such as Tether , in reserve and whose "basket" is mapped to the blockchain via an oracle.