Waking up to find that Trump has made another big move
This time, he is not just shouting slogans on social media but has directly pulled out his 'digital wallet'—announcing the issuance of a digital currency called 'utility token,' which is said to be used to pay for services on his financial platform, Truth. But anyone with clear eyes can see: this is not about promoting cryptocurrency; it's clearly a family affair to 'squeeze the retail investors'!
1. How wild is Trump's 'token issuance scheme'? First raise money, then make promises The coin Trump issued this time is called $TRUMP, and 80% of the tokens are held by him and his family company. What does that mean? It's like going to the supermarket and finding that 80% of the products on the shelves are 'shopping vouchers' printed by the owner, who claims these vouchers can be used as money.
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