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Home Cryptocurrency

The president-elect of the US is promoting a shitcoin?

n70products by n70products
January 18, 2025
in Cryptocurrency
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The president-elect of the US is promoting a shitcoin?
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Your information to what the 2024 US election means for Washington and the world

It’s cool to idly open up a social-media platform Friday night time to discover a bunch of people asking whether the president-elect of america was hacked three days earlier than his inauguration.

They had been asking due to this post:

https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F7c522f53 16b1 490f b662 f91203c3d71a

Word: These aren’t technically cash, they’re memes, which is what crypto platform Moonshot calls its shitcoins.

The publish was on TruthSocial, a platform majority owned by US president-elect Donald Trump, which was taken public via a Spac final 12 months. Since then, Trump’s account has posted a couple of cupboard decide. So it appears pretty protected to guess that it was not, in reality, hacked.

Trump has bought sneakers, watches, jewelry and a $60 Bible within the months main as much as the election, as MainFT ably reported. He additionally promoted a platform known as “World Liberty Monetary” and its token.

The World Liberty Monetary token was bought to institutional cryptocurrency gamers — MainFT covered its mid-October token providing to certified (ie excessive internet price or institutional) traders — however this meme-token-coin factor appears centered on retail. At pixel time its buying and selling at $21.6, which supplies it a “market cap” of $4.3bn. 🙃

In keeping with the web site, the memes playing cards shitcoins tokens aren’t an funding, not an funding contract, not a safety, and have “nothing to do with any political marketing campaign or any political workplace or governmental company”. OK!

An affiliate of The Trump Group will get income “derived from the buying and selling actions” of tokens/memes/playing cards/shitcoins/and so on:

Trump Memes are meant to operate as an expression of assist for, and engagement with, the beliefs and beliefs embodied by the image “$TRUMP” and the related paintings, and aren’t meant to be, or to be the topic of, an funding alternative, funding contract, or safety of any kind. GetTrumpMemes.com will not be political and has nothing to do with any political marketing campaign or any political workplace or governmental company. CIC Digital LLC, an affiliate of The Trump Group, and Battle Battle Battle LLC collectively personal 80% of the Trump Playing cards, topic to a 3-year unlocking schedule. CIC Digital LLC and Celebration Playing cards LLC, the house owners of Battle Battle Battle LLC, will obtain buying and selling income derived from buying and selling actions of Trump Meme Playing cards. See Phrases & Situations Here, See Card Allocation Here

Oh and when you purchase, you agree to surrender the power to affix a class-action lawsuit towards the corporate, based on the Terms and Conditions, except you give “written discover of your determination inside thirty (30) days of the date that you just first entry the Web site”.

Cool, certain. “— Have Enjoyable!”



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