When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This review of TrumpCoin consists of two chapters: origin & background and pros & cons.
Origin & Background
TrumpCoin launched in February 2016 as a Trump 2016 contribution vehicle with 200,000 coins saved for donating to the movement. The TrumpCoin has no official connection to Donald Trump, nor has Trump ever recognized its existence. Presently, Donald Trump is president and the TrumpCoin intends to support “his fight against fake news, corruption, and the deep state.” However, the coin’s supply maximizes at a fixed rate of 2% each year. And its value peaked in January at USD 0.84 per coin and a market cap of USD 5.5 million.
The system behind the coin is familiar enough. A total of 6 million TrumpCoins are accessible for trading, with 200,000 of these in reserve. Moreover, the proceeds from the TrumpCoin will be donated to Trump’s crusade in USD “once it reaches a considerable value,” the video explains.
The TrumpCoin offers a lot of food for thought. The elections are over. Therefore, investors might be wondering if there is still any worth to the currency. Furthermore, the promoters have ultimately planned for a currency swap after the elections. Thus, The TrumpCoins will be swapped for the TETH tokens. There will be no mystification since the objective is to make sure that the value of both tokens remains the same. This might make the TrumpCoin fit for long-term use. According to promoters, the TETH will be based on the blockchain technology, and consequently, offers numerous reimbursement. Users will be capable to use the Ethereum wallet to offer the TETH currency for payments. Also, the TrumpCoin can be staked, earning 2% yearly.
There is a great deal of debate on the currency, just as there is about the existing political situation. How the currency is viewed is joined to the political affiliations of the users or the people expressing views on it. Moreover, those who support the current president will desire to demonstrate the support through investing in the currency. From a clean investment opinion, supporters may be in a “wait and watch”-mode.
The promoters expect to achieve supporters’ help in maximizing the value of the currency. The promised simplicity of transaction and the lowered transaction fee may be attractive enough to attract many users.
We have not identified any obvious cons with the TrumpCoin.
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