The President-elect of the United States is promoting a shitcoin?

On By Littum

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It’s cool to casually open a social-media platform on Friday night to find one herd of people asks sore The US president-elect was hacked three days before his inauguration.

They asked because this post:

Note: These are not technical coinsthey are memeswhich is what crypto platform Moonshot calls its shitcoins.

The post was on TruthSocial, a platform majority owned by US President Donald Trump, which went public through a Spac last year. Since then, Trump’s account has done so submitted about a cabinet election. So it seems pretty safe to guess that it wasn’t actually hacked.

Trump has sold sneakers, watches, jewelry and a $60 Bible in the months leading up to the election, as MainFT ably reported. He also promoted a platform called “World Liberty Financial” and its token.

The World Liberty Financial token was sold to institutional cryptocurrency players — MainFT capped its token offering in mid-October to qualified (ie, high net worth or institutional) investors — but this meme-token-coin thing seems to focus on retail.

According to the website memes short shitcoins tokens are not an investment, not an investment contract, not a security, and have “nothing to do with any political campaign or any political office or governmental body”. OK!

An affiliate of The Trump Organization will receive income “derived from trading activities” of tokens/memes/cards/shitcoins/etc:

Trump Memes are intended to serve as an expression of support for and commitment to the ideals and beliefs embodied in the “$TRUMP” symbol and associated artwork, and are not intended to be, or be subject to, a investment opportunity, investment contract or security of any kind. GetTrumpMemes.com is not political and has nothing to do with any political campaign or any political office or government agency. CIC Digital LLC, a subsidiary of The Trump Organization, and Fight Fight Fight LLC jointly own 80% of the Trump Cards, subject to a 3-year unlock plan. CIC Digital LLC and Celebration Cards LLC, the owners of Fight Fight Fight LLC, will receive trading revenue from trading activities of Trump Meme Cards. See terms and conditions HereSee Card assignment Here

Oh, and if you buy, you agree to give up the ability to join a class action lawsuit against the company, according to Terms and conditionsunless you provide “written notice of your decision within thirty (30) days of the date you first access the Site”.

Cool, of course. “— Have fun!”