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cryptonews 2025-04-25 19:46:13

$TRUMP Debunks $300K Myth—A Modest Holding Is Enough to Dine With Trump

$TRUMP Debunks $300K Myth—A Modest Holding Is Enough to Dine With Trump

In a statement posted on April 24, the $TRUMP token team clarified that holders do not need to spend $300,000 to qualify for its “Dinner with President Trump” contest. The response and excitement over the competition to have "Dinner with President Trump" is amazing! We want to clarify a few things people seem to be confused by on X and in the Media. -You need $300K+ to participate (You Don't) -That we're unlocking into this competition (We're… — TrumpMeme (@GetTrumpMemes) April 24, 2025 The clarification addresses confusion over a leaderboard entry that some community members misinterpreted as a spending threshold. Trump Meme Team Responds to Community Confusion The team said that entry includes exchange and locked holdings not participating in the contest. Eligibility is determined solely by registered users on the official leaderboard, which ranks time-weighted $TRUMP balances over the course of the competition. “People have been incorrectly quoting #220 on the block explorer as the cutoff. That’s wrong because it includes things like locked tokens, exchanges, market makers, and those who are not participating,” the team said. The project emphasized that all participants must register to be counted. As of the announcement, the 220th-ranked participant held just over $400 worth of tokens. The leaderboard is available at trumpdinner.gettrumpmemes.com. Tokens from the cliff unlock and daily distributions will remain locked for an additional 90 days, the team said, extending past the competition period. The team noted future updates would include additional contest features. “The field is wide open and it’s anyone’s opportunity to have Dinner with President Trump,” the post said. ETFs Pair Digital Assets with Political Branding Trump Media and Technology Group is moving deeper into financial services with plans to launch a digital asset ETF suite. According to a press release, the company has partnered with Crypto.com and Yorkville America Digital to roll out a set of exchange-traded funds under the Truth.Fi brand. The funds will combine exposure to cryptocurrencies with equities tied to U.S.-focused sectors like energy. Trump Media said it plans to allocate up to $250 million in company capital toward the initiative. That includes a parallel offering of separately managed accounts, anchored by a theme of digital investment aligned with domestic economic priorities. The use of crypto tokens for campaign-style engagement hints at a broader shift in how digital assets are being deployed—not as payments, but as tools for identity and access. As projects blur the line between finance, fandom, and politics, the role of tokens is evolving. Frequently Asked Questions (FAQs): How does the time-weighted holding mechanism work for the $TRUMP token contest? The contest calculates eligibility based on the average amount of $TRUMP tokens held over a specified period, incentivizing long-term holding rather than short-term accumulation.​ How might Trump Media’s entry into ETFs affect the broader financial sector? By launching ETFs that combine digital assets with U.S.-centric investments, Trump Media could influence the adoption of politically branded financial products, potentially attracting a specific investor demographic. Are there precedents for political figures engaging in crypto ventures? While some politicians have expressed support for or against cryptos, the direct involvement in launching tokens or financial products tied to political branding is relatively novel and may set new precedents.​ The post $TRUMP Debunks $300K Myth—A Modest Holding Is Enough to Dine With Trump appeared first on Cryptonews .

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