The Trump2024 Token is a new initiative in this sector aiming to raise awareness for the re-election of President Donald J. Trump in the U.S. Presidential Campaign. Online communities worldwide are quickly discovering the power of cryptocurrencies in promoting a wide variety of subjects.
Our review will impartially analyze the main features of this project, providing the most important details on the initiative without taking any political side. Being an ongoing project, the information on the Trump2024 Token included in this review will be those currently known to the market.
What is Trump2024 Token?
Trump2024 Token is a new project launched by a non-profit organization to raise awareness for the re-election of President Donald J. Trump at the next U.S. Presidential. The following sections summarize the main features of the project.
The key elements of the initiative
Our team’s goal is that Trump2024 Token will enter the market promoting a full transparency internal mechanism. As the project evolves and grow, major decisions will actually be made by our community through votes.
Holding the token will be incentivized through the attribution of coin reflections, a typical passive income system in the crypto industry. A farming mechanism with a 200% annual percentage yield (APY) will be another essential part of the initiative.
Many crypto projects generally decide to complete a KYC process on their founding team. Since crypto scam operations can happen (think, for example, of rug pulls), having a KYCed team is positively seen by the market. The project also includes a 3/4% buyback operation from every purchase and sale transaction. Buybacks in the crypto industry are a typical move designed in order to achieve price stability.
Furthermore, it is relevant to mention that all the profits of the project will be donated to charity organizations sustaining U.S. veterans.
The tokenomics
Trump 2024 Token is a new token launched on the Binance Smart Chain (BSC). The BEP-20 coin has a total circulation supply equal to 1 trillion samples. Its allocation follows a pre-defined distribution rule:
- Public presale: The presale operation – 40% of the total supply were allocated to the presale that concluded on Pinksale on January 9th and was a tremendous success, when 400 BNB were contributed in less than 6 hours
- Farm and Poll: 20% of the supply is dedicated to farming and polling operations
- Community Treasure: The team created a community treasure with 30% of the total coins
- Marketing: finally, the project relies on the remaining 10% of the supply to boost its visibility among crypto enthusiasts.
Each token purchase and sale operation comes with a transaction tax. More specifically, the taxes can be broken down as follows:
- 11% Buy tax: with coins going to the liquidity pool (2%), marketing operations (2%), community treasure (2%), and token reflections for holders (5%)
- 21% Sale tax: with coins being transferred to token reflections for holders (7%), marketing operations (3%), community treasure (3%), and the liquidity pool (8%). This sale tax is only temporary set at a high level, with an anti-dump purpose.
Liquidity & Rewards
By analyzing the tokenomics of the project, one can highlight the two following pillars:
- Auto-liquidity: establishing a mechanism that automatically sends funds to the liquidity pool is a typical move to control the stable growth of a coin price
- Auto-rewards: the project includes another classic incentive to holding the coin, with rewards being allocated to token holders.
A third pillar of the initiative regards transparency, a topic that we will develop in the next section.
Transparency
Each exchange is recorded on the BSC system, and the audit trail helps trace the history of an on-chain transaction. Furthermore, the team has recently made public the list of the wallet addresses among which the token will be distributed.
Specifically, these are the already mentioned Treasury wallet, together with the Trump Farm Wallet, the Future Listing Wallet, and the Volume Wallet.
The roadmap of the project
The project’s team sees five main stages in the launch and growth of Trump 2024 Token, which we summarized in the following sections.
Stage 1
The project is currently in its early stages, with a series of preliminary operations in the pipeline. The pre-sale operation, as mentioned above, was successfully concluded on launch day. The latest developments are happening on the marketing side, with the target of reaching 2,000 members on the Telegram community and 1,000 holders.
At the time of writing, Trump2024 Token had over 200 holders, aiming to move above 1,000 by the end of this stage.
Stage 2
The second stage will see the project realize one of its main targets: directing donations to charities for veterans. Moreover, the marketing campaign is expected to help the initiative reach 6,000 holders and 10,000 Telegram members.
At that point, the project’s roadmap includes a milestone on the development of proprietary non-fungible tokens (NFTs). Looking back at 2021, we know how NFTs have been gaining popularity in the blockchain sector, and many new crypto projects are working in this direction.
Stage 3
Trump2024 Token is expected to enter a more mature stage, with the listing of the token on small and major exchanges (namely, Hotbit and Bitmart). By this time, the team expects to reach 40,000 token holders on the market.
Stage 4
The growth path anticipated by the project’s team is expected to reach 80,000 token holders. Furthermore, the first mainstream press interviews (radio and TV) should begin to air.
Stage 5
Finally, a series of new partnerships should lead the project towards new goals. At that point, we believe the number of token holders will hit 200,000.
Final thoughts on the project
Trump2024 Token is a new project that shows us another way to exploit the perks of blockchain technology. The team’s ambitions are undoubtedly high, and our project will definitely need a large amount of marketing investment to follow its roadmap.
Disclaimer: CoinQuora does not endorse any content or product on its page. While we aim to provide you with all relevant information that we could obtain, readers are encouraged to do their own research before taking any actions and bear full responsibility for their decisions. Please note that this article does not constitute investment advice.
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