this post was submitted on 17 Sep 2024
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[–] [email protected] 6 points 2 days ago

The equity structure for these tokens will be that 20% of the project’s tokens are allotted to the founding team, which includes the Trumps, 17% of tokens are set aside for user rewards, and the remaining 63% of the coins will be made available for the public to purchase, said founder Zak Folkman.

I don't think there's any guarantee at all that all 63% of the coins "allocated to the public" will be released at first. They will probably release a fraction of that, and the constrained supply will not be enough to meet the demand from the Saudi and Russian governments looking to funnel money to Trump.

So the price will zoom up, and then they will decide whether to sell their own stash or more of the public stash into that surge. The end game is to harvest as much cash as they can from these foreign actors. And if any loyal Trumpists happen to lose their piddly life savings in the meantime, that's a chance Trump is willing to take.