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Trump Media Plans Token Distribution for DJT Shareholders Through Crypto.com

The company describes a Cronos-based rewards token rather than an equity asset, with final terms and timing to be announced in the new year.

Overview

  • Eligible ultimate beneficial owners are expected to receive one token per whole DJT share, with specific record date details still pending.
  • Trump Media says the tokens are not an ownership interest and may be non-transferable and not exchangeable for cash.
  • Holders could receive periodic benefits or discounts tied to products such as Truth Social, Truth+ and Truth Predict.
  • The distribution is planned to use Crypto.com’s Cronos blockchain, which is promoted for speed, scalability and interoperability.
  • The company reserves the right to change or cancel the program and says additional information will be provided next year, with independent reporting corroborating the announcement.