President-elect Donald Trump announced the launch of a new coin — a type of cryptocurrency that typically has little or no value — just days before his inauguration.
In a post Friday on his TruthSocial network, Trump wrote: “My NEW official Trump meme is HERE! It’s time to celebrate everything we stand for: WIN!. »
The message included a link to a website with instructions for purchasing the part. The website says 200 million “$TRUMP” coins will be available, but a total of 1 billion is expected during his tenure in the White House.
RELATED STORY | Trump to deliver inaugural speech indoors due to forecasted cold temperatures
The website includes a disclaimer that “$TRUMP” is “not intended to be, nor is it the subject of” an investment opportunity and is “not political and has nothing to do with » a political campaign, political office, or government agency.
According to Forbeswhich cited CoinMarketCap, the value of the coin “$TRUMP” was $29 on Saturday morning.
Trump has pledged to promote pro-cryptocurrency policies as president, even though he was once a crypto-skeptic.
RELATED STORY | Thousands converge on Washington for march days before Trump takes office