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Trump’s Truth Social Introduces ‘Gems’ Linked to Utility Token

2025-07-10 15:39:13

Trump’s Truth Social Introduces ‘Gems’ Linked to Utility Token

Main Idea

Trump Media & Technology Group has introduced 'Gems' linked to a utility token on Truth Social and filed for a 'Blue Chip Crypto ETF' covering BTC, ETH, SOL, XRP, and CRO.

Key Points

1. Trump Media & Technology Group filed an S-1 registration statement for a 'Blue Chip Crypto ETF' with the SEC, proposing a portfolio of 70% BTC, 15% ETH, 8% SOL, 5% CRO, and 2% XRP.

2. Truth Social users participating in the 'Patriot Package' will accumulate 'gems' based on engagement, though no timeline for full rollout was provided.

3. The proposed ETF will be sponsored by Yorkville America Digital and list on NYSE Arca upon approval, with Foris DAX Trust Company as the liquidity provider.

4. Truth Social trades under the ticker $DJT following a recent public listing, and the platform is exploring token rewards for user participation.

5. The ETF will offer staking for certain assets, though regulatory clarity around such token systems remains uneven.

Description

Key Takeaways: Truth Social users testing the Patriot Package subscription will accumulate “gems” potentially linked to a utility token. The company has not disclosed whether the token will run on public blockchain infrastructure. Trump Media has filed for a “Blue Chip Crypto ETF” covering BTC, ETH, SOL, XRP, and CRO. Truth Social announced a new feature that may introduce token-linked incentives, according to a July 10 post from the platform’s official account. Users participating in the beta r...

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