Trump Media, linked to US president Donald Trump, has apparently advanced the date for their airdrop, locking in February 2 as the big day for its groundbreaking shareholder token drop.
If you’re holding shares in Trump Media, this could be your ticket to some exclusive perks straight from the company behind Truth Social.
Anyone who is a beneficial owner or registered holder of at least one full share of Trump Media stock by that cutoff will qualify for these special non-tradable digital reward tokens.
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The Trump Media Shareholder Token Airdrop has got everyone talking!
Since the company dropped the announcement on Tuesday, it’s got the crypto company excited.
Trump Media is also teaming up with Crypto.com to handle the minting of those tokens, putting them on the blockchain for full transparency, and keeping them safe until they’re handed out to eligible shareholders.
However, Trump Media has stressed from the start (they first teased this back on December 31) that this isn’t some tokenized version of stock.
Holders won’t get voting rights, claims on profits, or anything like that. No cash redemptions either. But they will get rewards like sweet discounts on Truth Media products and other Truth Social benefits.
Trump Media’s CEO and Chairman Devin Nunes says they’re all in on doing this the right way, sticking close to SEC guidance while using Crypto.com’s tech to make everything transparent and fair.
“We look forward to leveraging Crypto.com’s blockchain technology consistent with Securities and Exchange Commission guidance to benefit our shareholders and promote transparency, including by obtaining a clear picture of bona fide beneficial ownership as of the record date.”
Devin Nunes
On the stock side, DJT opened around $13.85, climbing over 7% to hit $14.94, before settling back at $13.91 by close.
All said and done, if you’ve got DJT shares, you might want to mark your calendar for February 2.
