Overview
- Each ultimate beneficial owner of DJT stock is slated to receive one token per whole share via Crypto.com’s Cronos blockchain.
- Trump Media says the tokens do not convey equity or profit rights, are not cash-exchangeable, and may be non-transferable.
- Perks tied to the tokens could include periodic discounts or benefits across Truth Social, Truth+ and the planned Truth Predict platform.
- Eligibility will be set by record date or dates yet to be announced, and the company retains discretion to change or cancel the program.
- DJT shares rose on the news and Crypto.com’s CRO saw an initial uptick, as the move extends Trump Media’s push into crypto and fintech.