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Trump Media to Airdrop Non-Transferable Digital Tokens to DJT Shareholders
Source: CryptoNewsNet Original Title: Trump Media to airdrop non-transferable digital tokens to DJT shareholders Original Link: https://cryptonews.net/news/altcoins/32211548/ Trump Media and Technology Group, in partnership with a leading crypto platform, announced plans to distribute a new non-transferable digital token to its shareholders. The move will leverage the partner’s blockchain for efficiency and interoperability.
Eligible shareholders will receive one token per share they beneficially own. Token holders could also gain access to periodic rewards, potentially including discounts or benefits tied to Truth Social, Truth+, and other Trump Media offerings.
The new digital tokens function primarily as access or reward instruments rather than as traditional financial assets. They will not represent an ownership interest in Trump Media nor will they be exchangeable for cash.
Trump Media reserves the right to modify or cancel the program and will provide more information later.
“We look forward to utilizing blockchain technology and improving regulatory clarity to implement this first-of-its-kind token distribution, reward Trump Media shareholders, and promote fair and transparent markets,” CEO and Chairman Devin Nunes stated.
The token rollout is part of the Trump empire’s ongoing push to expand its footprint across financial and digital markets. The company, alongside Yorkville America, recently launched five Truth Social ETFs on the NYSE focused on US defense, innovation, iconic brands, energy security, and real estate in conservative-leaning states.
The firms plan to launch equity and digital asset-based products next year.