Trump Media and Technology Group has updated its Truth Social platform by linking its reward program with cryptocurrency through the CRO token from Crypto.com.
New Reward Program Features
The company announced that users subscribed to its Patriot Package will gain access to premium features such as 'Truth gems.' These tokens can be earned through activities on Trump Media's platforms and converted into CRO tokens using Crypto.com's exchange infrastructure.
Trump Media's Shift in Token Strategy
The integration of CRO indicates a strategic shift as the company previously considered launching its own utility token. Trump Media CEO Devin Nunes mentioned plans to introduce a proprietary token within the Truth digital wallet in a letter to shareholders.
Partnership between Trump Media and Crypto.com
Earlier, Trump Media collaborated with Crypto.com to launch exchange-traded funds (ETFs) tracking digital assets. Additionally, the company plans to acquire 684.4 million CRO tokens valued at approximately $105 million as part of its digital asset treasury strategy.
The update to the Truth Social reward program and the integration of the CRO token highlight Trump Media's commitment to utilizing cryptocurrency in its services, opening new avenues for users.
