$ Trump Meme, coins customers spent more than $ 140 million to get dinner call with Trump, data show

Customers spent more than $ 140 million to make $ Trump meme coins on offer to secure a call to “Intimate dinner” With President Trum, according to the company Analytics of Inca Digital data.

23. April, the digital currency was given an incentive when he announced that her upper brackets from 12. May be invited to dinner with the President. It helped increase the value of the coin of the coin for more than 40% of the announcement of up to 12. Maja, partially reversed 88% drop in weeks before.

The upper holders of the Meme of the $ Trump Meme conducted anywhere from only $ 53,500 to grab one of the diners calls with Mr. Trump, found inca digital analysis.

At the end of the competition 12. May, the largest digital currency holder was an account named Sun VIP, according to the analysis. Although it is impossible to know the identity of any account owners due to the anonymity of digital wallets, many purchases are made through the exchange that American customers do not accept, such as biting and gate.io, reveals an Incaivo research.

“The tone of these users sent funds to international exchanges,” Austin Rian noticed Marketing Director for Inca Digital, a company that analyzes CRIPTO data for risk issues such as liquidity and forefathers. “The thought that if they communicate with that exchange, they are not in the US”

The dinner competition collected concerns from government guards and democratic legislators on the purchase of the Trump brand assets, which is associated with the President approach. Also, because $ Trump Coin is partially owned by the Branch Trump Organization, the president’s property, and his families represent financial benefits from the purchases of the coin adds critics.

COIN COIN @ Trump did not disclose the identities of 220 best bearers, which are under promotion in accordance with Mr. Truth. Toni Carrk, Executive Director of the Watchdog Group Group, expressed concern because these owners are “curved by their anonymous crypto usernames”.

Not even a white house or Trump organizations immediately answered the comment requests.

Dinner will be held on May 22, in the trump national golf club in Washington, DC, according to the $ Trump Meme Coin website. Top 25 holders will “enjoy private VIP reception with President Trump” as well as “Special VIP Tour”, adds a website.

Eric Trump, one of the sons of Lord Trump, in January called $ Trump Coin “Hottest digital memes on Earth.”

How Trump makes money from his meme coin

Decentralization is basic for cryptocurrency. Bitcoin, the most popular in the world, was born in the 2008 financial crisis. Year as a digital currency that needed uncontrolled by banks or governments.

$ Trump Meme Coins can be traded on decentralized exchange, which is basically a place where traders can replace goods without intermediaries.

Instead of matching customers and sellers one by one, decentralized exchange is used to use liquidity pool to ensure that squares can happen easily and immediately. Liquidity pools are basically an automated pot of funds that pairs Meme coins like $ Trump with more popular crypto species that can be easily traded.

When the first launched money from Trump Meme, its creators originally published 20% of the planned total 1 billion total coins. Half of which, 20% was set for public sales, while the other half was placed in the liquidity pool. CIC Digital, Branch Trump Organization and other company under the name fighting, receive “trading revenues obtained from trade activities” trump coins meme, according to its website.

Through the liquidity pool, Meme Mema Members Money earn money by charging small transaction fees in each store.

Associated Press

Contributes to this report.