Truth Social, the social media platform founded by US President Donald Trump, has announced plans to launch a utility token linked to its premium subscription service called Patriot Package.
Plans for Utility Token Launch
Truth Social TV has announced plans for a token that will reward users as part of its streaming subscription package. Patriot Pack subscribers will accumulate 'gems' in their Truth Social accounts based on their level of engagement with the platforms. These gems will eventually be tied to a utility token across both Truth Social and Truth+.
Expansion in Cryptocurrency
The company has made significant moves to expand its presence in the cryptocurrency space. Previously in April, Truth Social stated that it was considering issuing a utility token.
ETF Applications
Last month, the company filed applications for ETFs, including one linked to Bitcoin. Earlier this week, it also filed with the SEC for a 'Crypto Blue Chip' ETF that will consist of BTC, ETH, Solana, XRP, and CRO.
Thus, Truth Social is actively developing its cryptocurrency capabilities and plans to implement a utility token, which could open new opportunities for subscribers and users of the platform.
