News: Trump Media & Crypto Form Strategic Partnership
- CRO Integration & Wallet Infrastructure
Truth Social and Truth+ will roll out a revamped rewards system using Crypto 's digital wallet infrastructure. Users can convert earned“gems” into Cronos (CRO) tokens, which can be used to pay for subscriptions or services across platforms. Free or discounted access to Truth+ may be offered to those who open a Crypto account, and both platforms will be co-marketed.
Cross-Investment & Custody Support
Trump Media will purchase approximately $105 million worth of CRO (~685.4 million tokens, roughly 2% of the total CRO market cap). Crypto will invest $50 million in Trump Media common stock. Both investments come with lock-up periods. Trump Media 's CRO holdings will be secured via Crypto Custody, enabling staking and additional revenue generation. New Treasury Entity via SPAC Merger
The companies are jointly launching a new entity-Trump Media Group CRO Strategy , Inc.-through a definitive business combination with SPAC Yorkville Acquisition Corp. This entity will act as a digital asset treasury firm focused on CRO acquisition.
Devin Nunes, CEO and Chairman of Trump Media :“...partnering with the namesake of its industry, Crypto , to help make Cronos the utility token of choice around the globe... proud to be an early adopter of this best-in-class digital network.”
Kris Marszalek, Crypto Co-Founder & CEO:“This CRO integration is a historic moment for the Cronos blockchain and a testament to the loyal community of builders...”
About Trump MediaThe mission of Trump Media is to end Big Tech's assault on free speech by opening up the Internet and giving people their voices back. Trump Media operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations, as well as Truth+, a TV streaming platform focusing on family-friendly live TV channels and on-demand content. Trump Media is also launching Truth, a financial services and FinTech brand incorporating America First investment vehicles.
About CryptoFounded in 2016, Crypto is trusted by millions of users worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every WalletTM. Crypto is committed to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to develop a fairer and more equitable digital ecosystem.
Crypto Investing Risk WarningCrypto assets are highly volatile. Your capital is at risk. Don't invest unless you're prepared to lose all the money you invest.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.

Comments
No comment