Key Takeaways
- Trump Media plans to distribute a new digital token to DJT shareholders in partnership with Crypto.com.
- The distribution will use Crypto.com’s Cronos blockchain, focusing on speed, scalability, and connectivity.
Trump Media and Technology Group, in partnership with Crypto.com, announced on Wednesday plans to distribute a new non-transferable digital token to its shareholders. The move will leverage Crypto.com’s Cronos blockchain for efficiency and interoperability.
Eligible shareholders will receive one token per share they beneficially own, the companies stated. Token holders could also gain access to periodic rewards, potentially including discounts or benefits tied to Truth Social, Truth+, and other Trump Media offerings.
The new digital tokens function primarily as access or reward instruments rather than as traditional financial assets. As noted, they will not represent an ownership interest in Trump Media nor will they be exchangeable for cash.
Trump Media reserves the right to modify or cancel the program and will provide more information later.
The token rollout is part of the Trump empire’s ongoing push to expand its footprint across financial and digital markets. The company, alongside Yorkville America, recently launched five Truth Social ETFs on the NYSE focused on US defense, innovation, iconic brands, energy security, and real estate in conservative-leaning states.
The firms plan to launch equity and digital asset-based products next year.
Source: https://cryptobriefing.com/trump-media-digital-token-airdrop-djt-shareholders/
