Particle.news
Download on the App Store

Trump Media Sets Feb. 2 Record Date for Shareholder Token Airdrop

Designed as non-transferable perks minted by Crypto.com, the tokens exclude equity rights with specifics still pending.

Overview

  • Eligibility applies to ultimate beneficial owners and registered holders with at least one whole DJT share as of Feb. 2, with borrowers of stock excluded.
  • The company describes the tokens as non-transferable and non-cash, offering potential discounts and benefits tied to Truth Social, Truth+ and Truth Predict.
  • Crypto.com will mint the tokens on its Cronos infrastructure and hold them in custody until distribution to eligible shareholders.
  • Trump Media urges investors to confirm NOBO status with brokers or move shares to DRS with Odyssey Transfer & Trust to avoid distribution delays.
  • Details on allocation mechanics and timing have not been finalized, the company can modify or cancel the program, and DJT’s initial intraday gains on the news largely retraced by the close.