Trump Media sets Feb. 2 record date for upcoming rewards token
Trump Media has set February 2nd as the record date for determining which shareholders are eligible to receive its announced blockchain-based rewards token.Summary
Trump Media (DJT), the company associated with the U.S. president and operator of Truth Social, announced that February 2nd will be the record date to determine which shareholders qualify for its forthcoming blockchain-based rewards token.
Eligibility extends to ultimate beneficial owners and registered holders of at least one whole share of DJT stock as of that date. The token, distributed in partnership with Crypto.com, will not represent equity but may unlock benefits or discounts tied to Trump Media products, though it may not be transferable for cash. Crypto.com will mint the tokens, potentially on its Cronos blockchain.
Trump Media CEO Devin Nunes stated the initiative aims to reward shareholders and leverage Crypto.com's technology while adhering to SEC guidance. This partnership is not new; Crypto.com is also involved in developing prediction markets, ETFs under the Truth.Fi brand, and provides custody for Trump Media's 15,000 BTC treasury.
(Source：The Block)