Donald Trump, the 45th President of the United States, is a man both loved and loathed in equal measure across the American political divide. A large section of the MAGA Nation feels that President Trump’s victory was stolen in the 2020 elections by Joe Biden and the Democrats.
A group of patriots have come together to create the Trump2024 token, a meme coin that they intend to use to raise awareness for the re-election of Donald Trump in two years.
The developers of the coin argue that the next elections will be one of the most important in the history of the United States, as it will be a battle for the very soul of America. And the Trump2024 project intends to popularize Donald Trump’s candidacy.
In this short review, we will take an in-depth look at the Trump2024 token, including its tokenomics and roadmap for the future.
Features of the Trump2024 Token
A key aspect of the Trump2024 token is transparency and immutability. Not only will all decisions affecting the MAGA crypto be made by the community in a fair vote, but every transaction carried out using the token will also be recorded on the Binance blockchain, presenting an incontrovertible audit trail that will make it easy to trace the origin of every coin. This feature will help improve security in the Trump2024 ecosystem and prevent exchange-related fraud while also verifying the authenticity of tokens being traded.
Another feature of the Trump2024 token is that investors will have the chance to make up to 200% annual percentage yield (APY) on farming. Yield farming is when investors lend crypto assets to decentralized finance (DeFi) platforms, which hold the funds in liquidity pools and pay an agreed-upon amount in interest for the duration in which the funds are locked up.
In addition to the high APY, the Trump2024 token will also offer passive income in the form of up to 7% reflection on every transaction made using the token. Reflection is when transactions on a cryptocurrency are taxed, and a percentage of that tax is redistributed to the crypto holders. Apart from rewarding early investors, reflection is also used to prevent huge price drops caused by whales during the price discovery phase of a token.
The Trump2024 token will also have a feature called “community treasure,” which will be used to house up to 8% of the token’s liquidity. The token will also have an auto liquidity feature that will ensure that 2% of every transaction is locked in a liquidity pool to keep the price of the Trump2024 token stable in the long run.
Finally, 5% of every transaction will be redistributed among all token holders. By simply holding tokens in their wallets, investors will earn healthy amounts of passive income.
The Trump2024 token is a BEP-20 token built on the Binance Smart Chain (BSC) with a circulating supply of 1,000,000,000,000 units. On January 9th, 400 billion Trumps were made available to the publicat a presale and none remained unsold. 200 billion Trumps, or 20% of the total supply, were set aside for yield farming and polling. 10% of the Trump2024 tokens were earmarked for the project’s marketing activities, while the remaining 300 billion tokens were put into the community treasure basket.
Each Trump transaction will attract two types of taxes: an 11% buy tax and a 21% sale tax. The 11% buy tax will be split up in the following manner:
2% will be put back into the token’s liquidity pool to help bolster the crypto’s fledgling value.
2% will be used to market the token to American patriots and Trump supporters around the globe.
2% will go into the community treasure basket to improve the token’s liquidity and to reward community members.
5% will be redistributed to all token holders in the form of reflection.
The 21% sale tax will also be divided in the following manner:
7% will be redistributed to all token holders in the form of reflection.
3% will be used to market the Trump project.
3% will go into the community treasure basket.
8% will be automatically locked in the Trump liquidity pool to boost the token’s value.
The Trump Token’s developmental roadmap is divided into five distinct phases, starting with the token’s presale launch and ending with a community of no less than 200B token holders by the close of the final phase.
In the first stage, the token’s developers hope to establish a community of at least 1,000 token holders and a following on their official Telegram channel of no fewer than 2,000 people. The developers also intend to list the Trump token on CoinMarketCap and CoinGecko and undergo a SolidProof audit. SolidProof is a pioneer in blockchain security, founded by Yale and Columbia professors, that employs cutting-edge artificial intelligence (AI) technology to secure and monitor smart contracts and blockchain protocols. This certification will protect potential Trump2024 investors from falling victim to the scams and rug pulls that have blighted many crypto projects in recent times.
In the second phase of the Trump2024 roadmap, the project team hopes to further grow its community to at least 6,000 holders, augmented by no fewer than 10,000 subscribers on their official Telegram, Twitter, and TikTok channels. In keeping with conservative values, the team also hopes to start making donations to various veterans’ organizations at this stage. In addition to that, the team also intends to begin the development of proprietary non-fungible tokens (NFTs) in this phase.
The third stage in the Trump2024 roadmap will be marked by listings on various small, medium, and major exchanges. growth in the number of token holders to at least 40,000; and partnerships with influencers to push the Trump brand into new territories.
The Trump project hopes to grow their community to over 80,000 token holders by the fourth stage of their roadmap. The team also intends to ramp up the token’s visibility with interviews on both radio and television.
Finally, the fifth and final phase of the Trump roadmap will hopefully see their community grow to a massive 200,000 token holders, which will give the team the basis to enter into new commercial partnerships that will ultimately increase the token’s utility and profitability while making a case for Donald Trump’s re-election.
The crypto space is rife with scams and we hope that the Trump2024 token is not another con playing on the angst of the MAGA Nation to make a quick buck. But the fact that every member of the Trump project has undergone a Know Your Customer (KYC) process with PinkSale should go a long way in allaying any fears potential investors might have regarding the veracity of the project.
The project’s ultimate goal of donating 100% of its profits to veterans’ organizations around the United States is also to be commended.