Trump’s wife Melania also issued a currency, and the market value reached tens of billions of dollars in 5 hours

This article is machine translated
Show original
Here is the English translation:

The official MEME Bit of US President Trump sparked a wave of wealth creation over the weekend, and his wife Melania Trump also issued a MEME Bit called MELANIA this morning.

The website of the Bit describes "Melania Memes" as "a fungible cryptocurrency created and tracked on the Solana blockchain". At the time of writing, the market capitalization of MELANIA has exceeded $12 Bit.

Price Usd

However, according to official information, the Bit economic model of MELANIA is completely different from that of TRUMP. The Bit allocation plan is: team share 35%, treasury 20%, community 20%, public offering 15%, liquidity 10%.

Pasted Graphic 17

In addition, in terms of unlocking rules, 10% of the MELANIA team's share (accounting for 3% of the total supply) will be unlocked on the 30th day, and the remaining share will be linearly unlocked from the 2nd to the 13th month, with about 2.25% of the total supply unlocked per month until the 13th month. In contrast, TRUMP requires a 3-year lock-up period.

Although the launch of MELANIA also triggered a speculative craze, with the price constantly rising, there have also been many negative voices. For example, Messari founder Ryan Selkis publicly called on Trump to fire the MELANIA MEME Bit issuance team on social media, saying that the project team lacks professional capabilities, may cause significant economic losses and reputational damage, and the project decision-making did not fully consider Trump's interests.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
2
Add to Favorites
Comments
1