Mansa Musa made history’s first demandless airdrop—and ended up crashing the value of his own assets.
👑 July 1324: The ruler of Mali arrived in Cairo on his way to Mecca, distributing gold to officials, the royal court, and the entire city.
📉 Around 12 years later, al-Umari wrote that the price of a mithqal of gold had fallen from 25 dirhams to below 22—and never recovered.
💸 Musa ran out of money on the return journey, and according to several chroniclers, borrowed from Egyptian merchants at high interest.
🗺️ He won on the branding front: the Catalan Atlas, from around 1375, depicts him seated on a throne, holding gold.
The crypto industry repeats the same experiment every cycle. Free tokens with no reason to hold them are just fresh sell pressure. Supply is easy to distribute; demand has to be built, bit by bit.
Would you rather have Musa’s treasury, or a demand outlet?
#History #Crypto #Tokenomics
👑 July 1324: The ruler of Mali arrived in Cairo on his way to Mecca, distributing gold to officials, the royal court, and the entire city.
📉 Around 12 years later, al-Umari wrote that the price of a mithqal of gold had fallen from 25 dirhams to below 22—and never recovered.
💸 Musa ran out of money on the return journey, and according to several chroniclers, borrowed from Egyptian merchants at high interest.
🗺️ He won on the branding front: the Catalan Atlas, from around 1375, depicts him seated on a throne, holding gold.
The crypto industry repeats the same experiment every cycle. Free tokens with no reason to hold them are just fresh sell pressure. Supply is easy to distribute; demand has to be built, bit by bit.
Would you rather have Musa’s treasury, or a demand outlet?
#History #Crypto #Tokenomics
