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Home Cryptocurrency

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

SCRYPTO MAGAZINE by SCRYPTO MAGAZINE
January 18, 2025
in Cryptocurrency
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The president-elect of the US is promoting a shitcoin?
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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 the US was hacked three days earlier than his inauguration.

They had been asking due to this post:

Notice: These should not 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 yr. Since then, Trump’s account has posted a few 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 referred to 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 web price or institutional) traders — however this meme-token-coin factor appears targeted on retail.

In keeping with the web site, the memes playing cards shitcoins tokens should not 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 many others:

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 art work, and should not meant to be, or to be the topic of, an funding alternative, funding contract, or safety of any kind. GetTrumpMemes.com just isn’t 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 Struggle Struggle Struggle 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 Struggle Struggle Struggle LLC, will obtain buying and selling income derived from buying and selling actions of Trump Meme Playing cards. See Phrases & Circumstances Here, See Card Allocation Here

Oh and when you purchase, you agree to surrender the power to affix a class-action lawsuit in opposition to the corporate, in keeping with the Terms and Conditions, until you give “written discover of your choice inside thirty (30) days of the date that you just first entry the Web site”.

Cool, positive. “— Have Enjoyable!”



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