A $TRUMPlaunched this year, offers its biggest holders the opportunity to participate in a dinner with Trump. The value of cryptocurrency increased after the announcement of the event, generating criticism of possible improper influences on the US President.
The US President’s family business has entered more than $ 320 million (283 million euros) in trading rates of a ‘meme’ cryptocurrency promoted on social networks with promises of meetings with Donald Trump.
The president’s ‘meme’ cryptocurrency ($ Trump), which unlike traditional means of payment has no fiduciary guarantee of a financial entity, has been marketed online since the beginning of this year and the Blockchain Chaininalysis analysis company estimates that since then generated more than $ 320 million in rates for its promoters.
Trump is now promoting an event in which he will personally participate on May 22, and the 220 largest holders of this ‘Meme’ cryptocurrency will go to dinner at Trump’s golf club in the Washington area.
The 25 largest holders will still participate in a reception where they can previously meet Trump.
“Tell the president how many coins $ Trump you have!” Says the meme currency website.
According to AP, the ‘meme’ cryptocurrency negotiation increased after the dinner was first announced, such as the price.
Bitcoin, the most popular cryptocurrency in the world, was born after the 2008 financial crisis as a digital currency that should not be controlled by banks or
Sale without intermediaries
Trump’s ‘meme’ coins can be negotiated in a decentralized market without intermediaries.
When the $ Trump cryptocurrency was launched, its creators initially released 20% of the total planned 1 billion units.
Half of these 20% were sold directly to the public and the other half placed in a liquidity pool, a kind of bag.
According to the site, from $ Trump, CIC Digital, part of Trump Organization, and another company receive “negotiating revenue derived from negotiating” of cryptocurrencies.
Through the ‘liquidity pool’, Trump’s ‘meme’ currencies make money by charging small fees in each operation.
Chainanysis estimates that the $ Trump creators earned more than $ 1.3 million in trading rates the week following the dinner announcement.
The value of cryptocurrency jumped from about $ 9 to about 14 dollars shortly after the announcement.
The remaining 80% of Trump meme coins, which are still blocked, were allocated to CIC Digital and the other company.
An ethical agreement forbids Trump from making “everyday” decisions at Trump Organization while being president and limits financial information about businesses that can be shared with him.
Trump raid critics in ‘meme’ coins, which include several democrats, say that the pseudonymous nature of cryptocurrency gives the opportunity to unduly try to influence the president by purchasing his digital assets.
Trump’s ‘Meme’ currency website guarantees to those who signed up for the contest that their full legal name and contact information “will never be displayed publicly.”
