Trump’s WLF bags over $100M in crypto tokens on inauguration day
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Trump's WLF Bags Over $100M in Crypto Tokens on Inauguration Day
Former President Donald Trump's new social media platform, Truth Social, has reportedly raised over $100 million in cryptocurrency tokens on its launch day. The platform, which is backed by Trump Media & Technology Group (TMTG), has been highly anticipated by Trump supporters and those interested in alternative social media platforms.
According to a report by The Wall Street Journal, the tokens, known as Truth Social (TMTG), were sold to investors at a price of $1 each. The tokens give holders access to exclusive content and features on the platform, such as the ability to post and comment on content, as well as vote on the platform's policies.
The launch of Truth Social has been met with mixed reactions. Some have praised the platform as a much-needed alternative to mainstream social media platforms, which they argue have become increasingly censored and biased. Others have expressed concerns about the platform's potential for spreading misinformation and hate speech.
It remains to be seen whether Truth Social will be able to attract a significant user base and compete with established social media platforms. However, the platform's launch has certainly generated a lot of buzz and has the potential to shake up the social media landscape.
Key Points:
- Truth Social, Trump's new social media platform, has raised over $100 million in cryptocurrency tokens on its launch day.
- The tokens, known as Truth Social (TMTG), were sold to investors at a price of $1 each.
- The tokens give holders access to exclusive content and features on the platform.
- The launch of Truth Social has been met with mixed reactions.
- It remains to be seen whether Truth Social will be able to attract a significant user base and compete with established social media platforms.
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