Learn from President Trump how to issue MEME coins

Comrade Chuan Jianguo looks like a politician, but he is actually a businessman.

During Trump's last term, he said that cryptocurrency was "Mrs. Cow", but in this round of the US presidential election, it has become "Sweetie", proposing to make the United States the global crypto capital.

When everyone thought that the president would launch a series of regulations and policies that would be conducive to the development of the industry, no one expected that Comrade Chuan Jianguo would personally go out and issue a coin himself.

According to the official statement, the token is to commemorate the heroic posture of Trump raising his fist and shouting the iconic battle slogan "FIGHT FIGHT FIGHT" after being assassinated on July 13, 2024.

This operation probably made many project parties that issued coins completely dumbfounded. They have to admit that making money is still a tricky thing.

According to the introduction of the website "GetTrumpMemes.com", the initial purchase of TRUMP needs to be made through Moonshot, which supports traditional payment methods such as Apple Pay, Visa, Mastercard, Venmo, and cryptocurrency payment methods such as USDC and SOL.

TRUMP coin became a big hit as soon as it was launched. According to CoinGecko's price data, the token started trading at an opening price of $0.1824, and the price rose to $62.83 in one day, and the token FDV has reached $62.89 billion. It exceeds old tokens such as TRON, Avalanche, Chainlink and Shiba Inu. Some netizens even described a bigger dream for Comrade Chuan Jianguo, saying that he could be the richest man in the world if the token price rose to 250.

Because unlike many project parties that talk about decentralized dreams, complex technical routes, community consensus and co-construction, Uncle Chuan's token issuance this time is just a simple word: sell.

According to the official website of gettrumpmemes, the issuer of the token, 80% of the supply of TRUMP coins is held by CIC Digital, an affiliate of the Trump Group, and Fight Fight Fight LLC, an entity jointly owned by CIC. The initial issuance of TRUMP coins on the first day is 200 million, and the issuance is expected to reach 1 billion within three years, which will be gradually increased over three years. CIC Digital and its affiliates will receive the income generated by TRUMP trading activities, which will be locked for 3-12 months and unlocked within the next 24 months.

This means that if calculated by the current market value (FDV), the floating profit of the Trump Group's accounts has reached US$50.3 billion, which exceeds all the wealth that the Trump family has worked hard to build a business empire for decades.

It can be said that: the outrageous president did outrageous things, which were really outrageous.

More importantly, this is outrageous to Trump's family. Some media criticized that Trump's direct "issuance of coins" blurred the boundaries between the government's role and commercial interests. In essence, he was using the presidency to make profits and creating a financial tool for people to transfer funds to the presidential family.

Trump's eldest son Eric Trump posted on the X platform that the token was a move by the family to enter an emerging business field. He also said: "The reign of terror against cryptocurrency has ended, and the innovation of American cryptocurrency has just begun."

When the spectators thought he was joking or flattering his father, Trump's wife Melania actually started working in the fields and announced the release of her own eponymous MELANIA...

Same recipe, familiar taste.

It makes people wonder if this is the power of love.

What's more terrifying is that some netizens posted a photo of Trump's family some time ago and found that there are quite a lot of people in their family.

To the extent that everyone is somewhat worried that their pocket money on the chain is not enough to buy coins for Chuan Jianguo's family.

In addition to ridicule, there are also partners in the industry who think that this matter still has positive value. For example, this time the TRUMP coin is issued on a decentralized exchange. This is a challenge from DEX (decentralized exchange) to CEX (centralized exchange). It is a major innovation in the currency circle ecology, and is optimistic about the outbreak of "Spring on the Chain".

A friend asked Lawyer Honglin what he thought about this matter and whether he could sue Trump in Nanshan District Court. I said that the sloppyness of this world makes it a little difficult for us to understand.

After a bitter smile, I can still share my views with you from the perspective of a Web3 lawyer.

Is MEME a universal antidote for compliant coin issuance?

In the past six months, most of the friends who came to consult Lawyer Honglin about coin issuance did not ask about the issuance of tokens for their own projects. After all, this matter has become a standard three-piece set: set up a foundation, set up a laboratory, and get a legal opinion. What everyone is focusing on is: Can I issue a MEME coin?

So I will take advantage of any hot spots on the Internet, and if one MEME coin doesn’t work, I will get a few more. Even a friend of Lawyer Honglin in the cryptocurrency circle in Shenzhen has put the issuance of MEME coins on the assembly line, with SOP standard operations, from hot topic supplements, social media publicity, promotion of KOL cooperation, offline roadshow CX, on-chain volume brushing, etc. Under this scientific division of labor and standardized operations, about four or five MEME coins can be issued every month, and each MEME coin will only be used for three months at most, and there will be no war. People have to sigh with one word: absolutely.

I can fully understand this feeling. From the perspective of the project side, traditional Web3 projects have to work hard, and they have to seriously write white papers that deceive people, and spend manpower and material resources on technical development. A project cannot be realized without a year or two. More importantly, everyone has to worry about the compliance risks of the project all day long. But it seems that MEME coins are instantly free and liberated. There is no need to find ways to persuade players to participate. You just need to tell everyone calmly that I am just air. Are you buying MEME? No, you are buying a dream that may get rich.

This logic is very self-consistent. After all, selling dreams is like Zhou Yu fighting Huang Gai, one is willing to fight and the other is willing to be beaten. How can it be called illegal?

Learn to send MEME from Comrade Chuan Jianguo at the pixel level

This time, Comrade Chuan Jianguo used his own practice to set an example for everyone, that is, how should air-type MEME coins be sent?

First, admit that you are air directly

Friends who often travel around the world know that when you go out, your identity is self-sufficient. This is also true for issuing coins. Don't worry that your token issuance will not be useful to users. The first iron rule for issuing MEME coins in the currency circle is: Don't talk about what your thing can be used for. The more practical it is, the more dangerous it is.

At the bottom of the official website of this token issuance, there is a line of statement that everyone can imitate pixel by pixel: "Trump memes are intended to express support and participation in the ideals and beliefs embodied by the symbol "$TRUMP" and related artworks, and are not intended to be or become the subject of any type of investment opportunity, investment contract or security. GetTrumpMemes.com is not political and is not affiliated with any political movement or any political office or government agency."

Trump memes are intended to express support and participation in the ideals and beliefs embodied in the symbol "$TRUMP" and related artworks ("Artworks") and are not intended to be or become the subject of any type of investment opportunity, investment contract or security. No federal or state agency or any other government agency has passed or endorsed the fairness or applicability of Trump memes or the purchase of Trump memes, nor has it passed or endorsed the advantages of these services. ”

Second, only talking about the risk of losing money, not the possibility of making money

The vast majority of Chinese Web3 entrepreneurs will complain that mainland China is not friendly to token issuance. Then I can only say that if you don't try to issue coins in the United States, you will face no less supervision and challenges. After all, the United States has the most complete securities regulatory system in the world. The SEC and the FBI will occasionally find the project party that issues coins to openly extort property or the founder's physical pledge for mining. This friend named CZ can be said to feel the same way.

Therefore, the second important knowledge point of issuing MEME coins is that you must say that you have nothing to do with securities investment. In the "Terms and Conditions", there are multiple paragraphs that mention it repeatedly, for fear that users will not see it.

The first paragraph says this. “Trump memes are intended to express support for and engagement with the ideals and beliefs embodied by the symbol “$TRUMP” and related artwork and are not intended to be or become the subject of any type of investment opportunity, investment contract or security…You are purchasing Trump memes as an expression of support for and engagement with those ideals and beliefs and not as an investment opportunity, investment contract or security of any type.Please note that the price of Trump memes can be extremely volatile and you could suffer a significant loss from selling or otherwise disposing of Trump memes.We make absolutely no promise or guarantee that the value of Trump memes will increase or remain the same value as if you purchased them for the same amount. No information and/or content provided by and through the Service is or should be considered an advice or recommendation or solicitation to enter into an agreement for any investment purpose. Furthermore, no element of the Service qualifies or is intended to qualify as an offering of securities in any jurisdiction and does not constitute an offer or solicitation to purchase stocks, securities or other financial products.

The second paragraph says this. “Please note that the price of Trump memes can be extremely volatile and price fluctuations in cryptocurrencies can have both positive and negative effects on the price of Trump memes.Trump Memes should not be considered an investment opportunity, investment contract, or security of any kind under any circumstances, as more fully explained and agreed to above. You assume all risks associated with this…None of it constitutes or should be considered financial, investment, legal, or other professional advice or recommendation. Trump Memes is not intended or designed to be an investment opportunity, investment contract, or security of any kind and should not be considered a financial investment. In addition, no element of the Service is qualified or intended to be a solicitation or offer to buy or sell securities, financial products or services, or an offer or invitation to buy stocks, securities or other financial products or services in any jurisdiction. It remains your sole and exclusive responsibility to ensure that the purchase and sale of TRUMP MEME and the use of cryptocurrency complies with the laws and regulations of your jurisdiction. ”

Third, only talk about selling goods, not refunds.

From a logical point of view, there are currently three major categories of crypto assets in the world, either securities, currencies, or commodities. Then the problem comes, the biggest worry for sellers is the refund issue (I believe that entrepreneurs who are engaged in NFT digital collections in China have felt this too well). Uncle Chuan Jianguo has already predicted your prediction in the "Terms and Conditions".

"All transactions of Trump memes are final and non-refundable. We assume no responsibility or liability for any lost, misplaced or inaccessible Trump memes. "That is to say, MEME coins are not responsible for any sale.

What's even worse is that Uncle Trump also clearly defined the rights of consumers in the agreement. Because we know that the United States is the country that likes collective rights protection the most, so in the "Terms and Conditions", it is specifically stipulated that users who purchase MEME coins must waive their class action rights: "Class Action Waiver: To the extent permitted by law, you agree that you will not file, join or participate in any class action regarding any claim, dispute or controversy you may have against any Covered Party. You agree to join injunctive relief to stop such litigation or cancel your status as a participant in the litigation. You agree to pay the attorney fees and litigation costs incurred by any Covered Party in seeking such relief. This provision preventing you from filing, joining or participating in a class action: (i) does not constitute a waiver of any rights or remedies for individual claims, rather than as a class action in the binding arbitration described above; and (ii) is an independent agreement. You can opt out of these dispute resolution terms by providing written notice of your decision within thirty (30) days from the date of your first visit to this website. ”

In addition, Uncle Chuan even kindly reminded users that if there is tax in this matter, you have to handle it yourself. "You are solely responsible for declaring and paying the taxes applicable to your use of the service or purchase, trade or sale of Trump emoticons."

After careful study and analysis of this operation, does it make people feel unconvinced?

If you read the above article and feel that you have learned how to issue MEME coins legally and compliantly and get rich overnight, then it is time to use this picture.