Trump's Truth Social will launch a utility Token and loyalty program, raising regulatory concerns.
The social media platform Truth Social, founded by former President Donald Trump, announced that it will launch a utility Token as the core of its new loyalty program. This program is tied to its "Patriot Package" subscription service. The platform stated: "In the near future, based on user engagement on the platform, 'Patriot Package' subscribers will be able to accumulate 'gems' in their Truth Social account. These 'gems' will ultimately be linked to a utility Token on the Truth Social and Truth+ platform." This marks the official layout of the Token economic model and user incentive mechanism for Truth Social.