The significance of Trump Coin is mainly as follows:

Business benefits

Affiliates of the Trump Group hold 80% of Trump Coin and will receive income from trading activities of the coin. This brings huge potential business benefits to the Trump family. 12 hours after the issuance, the floating profit of the Trump Group's accounts has reached 25.6 billion US dollars.

Political influence

The issuance of this coin marks the opening of the political meme coin market, which may have an impact on future political campaigns and political activities. Other politicians may follow suit and launch their own meme coins. In addition, by launching Trump Coin, Trump can further unite his supporters and enhance his political influence.

Market innovation

The issuance of Trump Coin on a decentralized exchange is a major innovation in the cryptocurrency ecosystem. In the short term, it will cause bloodsucking to existing assets on decentralized exchanges, but in the long run, it is actually a big positive and may promote the outbreak of "Spring on the Chain".

Promotion

The cryptocurrency named after Trump has attracted widespread attention and discussion, which to a certain extent has promoted and promoted Trump himself and his related businesses.