Trump Media plans token distribution for shareholders in partnership with Crypto.com
CoinDesk
Trump Media will distribute a new digital token to DJT shareholders via Crypto.com's Cronos blockchain.Summary
Trump Media and Technology Group (DJT), the parent company of Truth Social, announced plans to distribute a new digital token to its shareholders through a partnership with Crypto.com. The token will be issued on Crypto.com’s Cronos blockchain, with each shareholder receiving one token for every whole share of DJT held once the program launches. Token holders may also receive periodic rewards, including potential discounts on Trump Media products like Truth Social and Truth+. CEO Devin Nunes stated the move utilizes blockchain technology to reward shareholders and promote transparent markets. Following the announcement, DJT shares rose in pre-market trading, and Crypto.com's native token (CRO) saw an initial jump.
(Source：CoinDesk)