Trump Media & Technology Group: Plans to Distribute Digital Tokens to Group Stockholders

BlockBeats News, December 31st, Donald Trump MediaTech Group (DJT.O) announced plans to distribute digital tokens to its stockholders, utilizing Crypto.com's technology for the token distribution.

The Donald Trump MediaTech Group envisions that in the near future, each ultimate beneficiary shareholder will be entitled to receive 1 new digital token for each share of DJT stock held. Token holders will also regularly receive various rewards throughout the year, which may come in the form of benefits or discounts related to Trump Media's products (such as Truth-related services). More details about this token distribution plan are expected to be announced next year.

Furthermore, it is anticipated that these tokens may not be transferable or convertible to cash, and only ultimate beneficial owners (not borrowers) holding DJT shares on a specified record date will be eligible to receive the digital tokens.