Trump Media to distribute new rewards token to DJT shareholders with Crypto.com

Trump Media (DJT) announced plans to distribute a new blockchain-based rewards token to its shareholders in collaboration with the Crypto.com exchange platform. CEO Devin Nunes stated the goal is to utilize Crypto.com's technology to reward shareholders fairly and transparently, leveraging the Cronos blockchain. These tokens will be distributed based on stock holdings but will not represent an ownership interest in the company or profits from its management efforts; instead, they are intended to function like rewards, potentially offering benefits or discounts for Trump Media products like Truth Social. Further details regarding the distribution are expected in the new year, and the token may not be transferable or exchangeable for cash. This initiative follows Trump Media's previous crypto-related moves, including establishing a significant Bitcoin treasury and plans for crypto ETFs.

(Source：The Block)