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  • TRUMP Official Trump

    $15.99

    -1.67%

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    Official Trump News

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    Frequently Asked Questions

    • Overview of Official Trump

      The Official Trump is a meme coin launched by Donald Trump, which has seen significant market capitalization and valuation. Here are some key points about its use case:

      • Financial Speculation: The Official Trump is primarily used for financial speculation, similar to other meme coins. It does not have a specific utility beyond this purpose.
      • Market Performance: The coin has reached a market capitalization of over $5 billion and a fully diluted valuation of over $20 billion, indicating its popularity and potential for financial gain.
      • Investment: The Official Trump allows global investors to participate without identity checks, which has raised ethical concerns about potential undue influence on a sitting president.
      • Popularity: The launch of the Official Trump has been seen as a significant move in the crypto space, especially given Trump's previous skepticism about cryptocurrencies. It has garnered significant attention and support from the crypto community.
      Last Updated: 1/19/2025 02:00 UTC
    • Pros of Official Trump

      • Regulatory Clarity: The proposed policies aim to bring clarity to the regulatory landscape of digital currencies, which could lead to more stable and secure transactions. Trump has suggested launching a "Bitcoin and crypto presidential advisory council" to create rules that are favorable to the industry.
      • Increased Adoption: Trump's plan to designate cryptocurrency as a national priority could increase its legitimacy and global standing, potentially leading to wider adoption and integration into financial systems.
      • Strategic Stockpile: The idea of creating a national bitcoin stockpile could diversify the U.S. national wealth portfolio and provide a hedge against inflation, similar to gold and oil reserves.
      • Industry Collaboration: The establishment of a crypto advisory council could provide a direct channel for industry leaders to influence policy decisions, ensuring their concerns are heard.

      Cons of Official Trump

      • Ethical Concerns: Trump's recent alignment with cryptocurrency has raised ethical questions, particularly regarding the potential for undue influence from the industry on regulatory policies.
      • Unclear Stockpile Purpose: The purpose and practicality of a national bitcoin stockpile are unclear, and it may not be welcomed by the broader crypto industry.
      • Dependence on Policy Execution: The success of Trump's crypto policies depends on their effective implementation, which could be challenging given the complexity of the regulatory landscape.
      • Potential for Market Volatility: Trump's influence on financial markets is known for fueling volatility, which could impact the stability of cryptocurrency prices.
      Last Updated: 1/19/2025 02:00 UTC
    • Founders of Official Trump

      The Official Trump is associated with U.S. President-elect Donald Trump, but the specific founders and creators behind the project are not clearly identified in the available information. However, it is mentioned that 80% of the tokens are allocated to the creators and CIC Digital, indicating that these entities are involved in the project's development and distribution.

      Key Points:

      • Project Initiation: The Official Trump was announced by President-elect Donald Trump.
      • Token Allocation: 80% of the tokens are allocated to the creators and CIC Digital.
      • Token Details: The token has a total supply of 1 billion units, with 200 million available at launch and the remaining tokens to be released gradually over three years.
      Last Updated: 1/19/2025 02:00 UTC
    • Investors in Official Trump

      The investors in Official Trump include a variety of individuals and entities. Here are some key points about the investors:

      • Initial Investors: The initial investors include those who purchased the token shortly after its launch. These investors have seen significant gains, with some turning initial investments of $150,000 into $1.1 million and others turning $800 into $310,000.
      • Affiliates of the Trump Organization: Affiliates of the Trump Organization, such as CIC Digital LLC and Fight Fight Fight LLC, collectively own 80% of the coins in circulation. This means that as the price of the token rises, these entities will see significant gains.
      • General Public: The general public can also invest in Official Trump by purchasing the token on various cryptocurrency exchanges. Major exchanges like Kraken have already made the token available for trading.
      • Crypto Community: The crypto community, including fans of President-elect Trump, have also invested in the token, praising the move as promoting the Solana blockchain and bringing new users into the crypto space.
      Last Updated: 1/19/2025 02:01 UTC
    • No, the halal status of the Official Trump token is not explicitly confirmed. The token's purpose and utility are centered around trading and interacting with Trump-themed digital collectibles, which does not inherently violate Sharia principles. However, the lack of transparency in token distribution and founder allocations could raise concerns. For a detailed halal assessment, consider the following:

      Token Overview

      • Purpose and Utility: The Official Trump token is used to purchase, trade, and interact with Trump-themed digital collectibles.
      • Business Model: The business model revolves around facilitating the trading of these digital collectibles and NFTs.

      Halal Considerations

      • Token Distribution: The token distribution details and founder allocations are not fully transparent, which could be a concern.
      • Platform Development: The platform focuses on NFT trading functionality, which does not inherently violate Sharia principles.
      • Real-World Adoption: The token has seen active trading volume, primarily centered around speculation and NFT trading activities.

      Given these considerations, a definitive halal status cannot be provided without further analysis and clarification on the token's specifics.

      Last Updated: 1/19/2025 02:01 UTC

    Description

    #44

    The TRUMP meme coin is a Solana-based token with a total supply of 1 billion units, where 200 million are initially available and the remaining will be released over three years. The token's distribution is controlled by a multisignature wallet.

    Sector:
    Blockchain:

    Market Data

    Rank: 44
    Volume: 2.3B
    Marketcap: 3.2B
    Fully Diluted Value: 16B
    Circulating Supply: 20%
    552M 2M/2.3M
    181M 751K/1.2M
    113M 3.2M/2.8M
    76M 373K/401K
    59M 134K/1.5M
    44M 503K/1.1M
    30M 306K/359K
    22M 124K/133K
    15M 320K/317K
    12M 889K/873K
    12M 150K/221K
    10M 229K/211K
    9.4M 540K/879K
    4.3M 200K/545K
    1.2M 44K/45K
    222K 10K/13K
    130K 19K/18K
    115K 1.3K/55K
    21K 903/900