Overview
- Each ultimate beneficial owner is expected to receive one digital token for every whole DJT share, with borrowers excluded and record date(s) to be announced.
- Trump Media says the tokens are expected not to represent ownership, may be non-transferable, and cannot be exchanged for cash.
- Holders may receive periodic perks tied to the company’s products, including Truth Social, Truth+ and Truth Predict.
- The distribution will leverage Crypto.com’s technology and run on the Cronos blockchain designed for speed, scalability and interoperability.
- DJT shares rose after the announcement and Crypto.com’s CRO initially jumped, while the company said details will follow in the new year and it may modify or cancel the program.