Trump Media plans 1:1 blockchain token rewards for shareholders
The company plans to distribute a crypto token per share to shareholders, but the tokens do not represent shares or rights in Trump Media.
Trump Media and Technology Group, operator of US President Donald Trump’s Truth Social platform, said Wednesday it plans to roll out a blockchain token for shareholders that entitles them to perks and rewards.
The DJT token will be launched in collaboration with crypto exchange Crypto.com, and the distribution to existing shareholders set at a 1:1 ratio, or one token per share owned, according to the announcement from the company.
The token “may” include rewards and perks for DJT shareholders, including discounts on the Truth Social media platform, the Truth+ media streaming platform, and prediction market Truth Predict.
