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Trump Media Sets Date for Airdrop of Digital Tokens to DJT Shareholders
Source: CryptoNewsNet Original Title: Trump Media sets date for airdrop of digital tokens to DJT shareholders Original Link: Trump Media and Technology Group (Nasdaq, NYSE Texas: DJT), the publicly-traded company behind Truth Social, will issue digital tokens to shareholders who own at least one full share of DJT stock on Feb. 2, the company announced on Tuesday.
The move is part of a broader effort to incorporate blockchain infrastructure into the company’s media and fintech ecosystem, a strategy first disclosed late last year, when Trump Media signaled plans to tie token rewards to user engagement across its platforms.
The tokens will be minted by Crypto.com and held in custody until distribution. They will not represent equity in the company, cannot be traded or transferred, and are not redeemable for cash. Instead, Trump Media says eligible shareholders may periodically receive nonfinancial perks tied to its product offerings, including Truth Social, the streaming platform Truth+, and a forthcoming gamified prediction market called Truth Predict.