Trump wins the election: a look at Trump-related cryptocurrency assets

Written by: J1N, Techub News  Compiled by: Tia, Techub News

Trump's campaign has been full of twists and turns. From gradually gaining an advantage in the early competition with Biden, to Kamala Harris's joining the election, which once dimmed his hopes of winning, to gaining public support from technology giant Elon Musk, which injected new momentum into his campaign. Today, the cryptocurrency community and many technology companies are gradually moving closer to Trump on social media, further adding broad support to his campaign.

Although the official results have not yet been announced, Trump is already determined to win and has delivered a victory speech. If nothing unexpected happens, he will become the 47th President of the United States. As a cryptocurrency-friendly party, affected by his potential policies, the price of Bitcoin hit a new high today, breaking through 76,000 USDT at one point, and soaring to 76,400 USDT.

Not only that, the Trump family is also actively exploring the crypto field. Its team has released an NFT series with Trump's image as the theme, and the second son Eric Trump has launched a decentralized financial project, World Liberty Financial (WLFI), which has launched a new layout in the DeFi field. Trump has always been a monopoly of public attention, and Trump-related crypto assets will also have long-term hype space. On the occasion of the election victory, Techub News specially counted the cryptocurrency assets related to Trump for readers.

Cryptocurrency assets related to Trump topics

Memecoin: MAGA

Trump Memecoin MAGA was launched by the cryptocurrency community in August last year. MAGA is the abbreviation of "Make America Great Again", which is the core slogan of Trump's political movement. As of writing, according to Coinmarketcap, the total market value of MAGA tokens has reached 178 million US dollars, ranking 51st in market value among Memecoins.

Trump Team Series NFT:

Not only Memecoin, Trump-related cryptocurrency assets also have NFTs, but this NFT is different from the previous Memecoin. Its issuer NFT INT LLC obtained permission to use Trump's portrait rights through payment, and Trump himself stood on the platform to promote and promote this series of NFTs.

The Trump team has issued 2 series of NFTs, both of which are online on Polygon, namely: "Trump Digital Trading Cards" and "Trump Digital Trading Cards Series 2".

「Trump Digital Trading Cards」

The series was issued on December 16, 2022, with a total of 45,000 cards issued at a price of $99 each. As of writing, according to Magic Eden data, the total transaction volume of "Trump Digital Trading Cards" is 26,624,461 POL (US$9.05 million).

After purchasing the card, consumers will automatically enter the lottery, and the prizes include video conferences with Trump, face-to-face meetings with Trump, dinner with Trump, golfing with Trump, limited edition autographed photos of Trump, gold Trump digital trading cards, etc. In addition, if you buy 45 Trump digital trading cards in one go, you will directly get the opportunity to have dinner with Trump.

「Trump Digital Trading Cards Series 2」

This series was issued in April 2023, with a total of 47,000 issued, each priced at US$99. As of writing, according to Magic Eden data, the total transaction volume of "Trump Digital Trading Cards Series 2" is 5.4 million POL (US$1.782 million).

The 47,000 here indicate Trump's participation in the 47th presidential election of the United States, and the 45,000 in Series 1 refer to Trump as the 45th President of the United States. Similar to Series 1, buying Series 2 can also get benefits. If users buy 47 of this NFT, they can have dinner with Trump, get a limited physical card and a set of presidential suits, and a dinner NFT invitation card. If users buy 100 of the NFTs, they can get the Bitcoin Ordinals version of "Trump Digital Trading Cards", as well as some additional benefits.

The two series of NFTs brought Trump millions of dollars in returns. According to the latest certified 2023 financial disclosure information released by the Washington Citizens for Responsibility and Ethics, former US President Donald Trump's Ethereum holdings and his personal brand's NFT income are growing. The documents show that Trump has up to $5 million worth of Ethereum in his wallet, of which Trump earned $4.9 million from the two series of "Trump Digital Trading Cards" and "Trump Digital Trading Cards Series 2", and its NFT issuers also received millions of dollars in sales and royalties.

World Liberty Financial

World Liberty Financial is a DeFi platform launched by Eric Trump, the second son of Trump. It aims to provide the community with cryptocurrency lending and storage value-added services in a decentralized manner. WLFI focuses on serving communities that lack traditional banking services, and its governance token WLFI allows holders to participate in project decision-making. WLFI's token distribution model is relatively conservative, with 63% used for sales to the public, 17% for reward mechanisms, and the remaining 20% ​​allocated to project teams and managers. World Liberty Financial initiated a temperature check proposal on AAVE on October 10 this year, proposing to use Aave V3 to start on the Ethereum mainnet, allowing users to borrow assets such as ETH, WBTC, USDC and USDT. The proposal has been passed.

The Trump family's crypto asset layout not only demonstrates their high level of involvement in the field, but also further reflects their close ties with the cryptocurrency community. As Trump's political influence expands, the crypto market may receive more attention under his potential policies, and future market developments are worth further observation.