Trump Media has just announced plans to launch a new digital Token , marking the company's first major foray into the cryptocurrency space.
According to the information, current shareholders of the company will receive an Airdrop of Token, meaning they will be rewarded with a portion of the benefits in Trump Media's new digital ecosystem.
Trump Media launches new Token ; shareholders will receive an Airdrop along with incentives on the platform.
Trump Media and Technology Group Corp. (DJT) – the operator of Truth Social, Truth+, and the FinTech platform Truth.Fi – has announced a partnership with Crypto.com to distribute a new digital Token to its shareholders.
This distribution will leverage Crypto.com 's Cronos blockchain, which is known for its fast processing speed, high scalability, and flexible networking.
According to the plan, each shareholder who actually holds DJT shares will receive one digital Token for each share they own. Token holders will also receive periodic rewards related to Trump Media products such as Truth Social, Truth+, and Truth Predict. The goal of the program is to recognize shareholder contributions while increasing engagement and interaction across Trump Media platforms.
Devin Nunes, CEO and Chairman of Trump Media, Chia : “We are eager to leverage Crypto.com ’s blockchain technology and take advantage of clearer legal advancements to launch this first-of-its-kind Token distribution program. Through this, we want to show our appreciation to Trump Media shareholders and move towards a more transparent and fair market.”
The company emphasized that the Token are not securities, do not grant ownership of Trump Media, and may not be transferable or redeemable for cash. Details regarding the Token distribution timeline and Token will be updated next year.
According to industry experts, this is one of the rare cases where shareholder rewards are directly integrated with digital Token in the media sector.
