It costs them next to nothing to issue these, right? They can still dump on those who bought it with dollars. Problem isn't the price itself but liquidity.
Edit: if the price were $1 per coin, the issuers can try to sell their supply for $800M in USD (or USDT which has enough liquidity to be converted to USD). the problem is if they tried doing that in reality, the price would go towards zero because there aren't enough buyers/fools willing to give up their Dollars.
It was rigged from the jump. You’d have been a bag holder comrade.
The funny bit is its still rigged, the top wallet has 80% of tokens. Trump may have been late to his own rugpull.
It costs them next to nothing to issue these, right? They can still dump on those who bought it with dollars. Problem isn't the price itself but liquidity.
Edit: if the price were $1 per coin, the issuers can try to sell their supply for $800M in USD (or USDT which has enough liquidity to be converted to USD). the problem is if they tried doing that in reality, the price would go towards zero because there aren't enough buyers/fools willing to give up their Dollars.
Extremely on-brand
Apparently, they're subject to a 3 year unlocking schedule.
Who's going to hold them to that? Trump's FTC?
Like, is that programmed into the blockchain somehow? Can I review the source code? Or is that just what it says on his website?
No idea.
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Ah, no getting in before that big leap then?
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