President Trump and his business partners promoted as a “exclusive invitation” in the world – a dinner party with the President of the United States for the cryptocurrency investors who bought most of Mimokin for his family, called $ Trump.
However, with the extraordinary competition approaching Monday, 17 out of 220 winners discovered 220 winners to overcome the competition’s sponsors effectively.
These encryption investors have obtained an invitation to dinner even though their online wallets showed that they were carrying zero from Memecoins, a type of new digital currency that often depends on a joke or amulet.
This is because of the presence of Quirk in the rules: The winners were chosen based on the average number of coins they carry during the three weeks in which the competition was ongoing instead of their total at the end of the bids.
Participants expected the currency price as soon as the competition ends. He did so on Monday afternoon, as it decreased by 6.5 percent as soon as the winners were announced. By this point, approximately 20 contestants had sold or transferred all their possessions $ TROMP, according to the analysis of the New York Times.
These merchants were able to benefit from the increase in the price led by the competition promotion and still secure a seat at dinner, which was appointed on May 22 at the Trump National Golf Club in Virginia.
This was not the plan. Mr. Trump and his partners, who control 800 million metal currencies, stood up if the price remains high. So Mr. Trump urged people to buy coins throughout the auction period, and encouraged his investors to continue to keep them even after its completion.
Figon trading It started on April 23when Website Associated with Mr. Trump’s currency announced the competition. The site said that Mr. Trump will attend a dinner with the best 220 currency holders, as well as a “exclusive reception” with the best 25 years, will also win a tour of the White House the next day. Like the corridors Leaders Tracking the classifications, allowing investors to encrypt to see what they had to spend to spend.
The competition has started to increase commercial activity, as investors compete to get an opportunity to meet Mr. Trump, and in some cases, Use this access To pressure the policies that will benefit the encryption industry.
But the competition was also an opportunity to achieve rapid profit by advanced traders.
A buyer bought $ 2.2 million in $ 2.2 million in early April, two weeks before the competition started. By last Thursday, the account seemed to have sold everything, as it was heading to 957779.25 dollars on the face. (Buyers were only identified through their chosen titles. This buyer was called “Noah”.)
But since the account of this buyer had a lot of coins early in the process, it ranked 25th on the leaders of the leaders, which means that whoever controls this must secure the dinner seat, in addition to the White House tour.
The competition has sparked criticism from both Democrats and Republicans in Capitol Hill, as well as some ethics lawyers, who called him the possibility of seizing money by Mr. Trump.
“I couldn’t imagine any US leader who participates in this type of Grad.” “The White House and President Trump sell access to the government and itself for personal profit.”
He said that the worry in particular is that most of the competition winners are still unknown and that many of them, accordingly The exchanges they used To buy coins, it appears from the outside, while others have publicly said they bought to try to influence the policies of the United States.
Mr. Merkeley has Submit This would prohibit any president, vice president, or senior executive branch official and their family members from benefiting from the sale of encryption. he Also request Government Ethics Office to investigate the role of Mr. Trump in the Trump $ project.
A White House spokesman on Monday did not respond to a request to comment on the competition or whether the White House tour would be held as planned. Last week, the White House press secretary, Caroline Levitte, said that the president only behaved with the interests of the American public in mind and that he had no conflict of interests.
In general, the winners of the competition held a value of $ 182 million of Trump currencies at the time of the closure of the competition. They spent 191 million dollars to buy these coins, which means that, in a total, the winners lost money on purchases more than they gained, According to the analysis of public transaction data by the era.
This is consistent with the trading data that shows that most of the metal currency buyers since it was first provided in January lost money – a total of $ 3.9 billion, according to the analysis by Inca Digital, a coding datab company.
Whether traders earn or lose money, the Trump family and its partners get a treatment fee every time the coins change, which gets at least $ 320 million since Trump has been sold in January, according to estimates by Chainalysis, an industry data analyst.
On Monday, the competition organizers seemed keen to stop the sale, and it is assumed that he is aware of the possibility that more dinner guests may get rid of their coins now after the competition has ended.
in After xThe official account that promotes Memecoin said that anyone holding their $ TROMP hideout from now and dinner will be rewarded with a non -violation “Trump Massi” symbol – a type of digital achievement known as NFT.
The account has also announced that currency holders will soon start winning “reward points”, without explaining how to distribute points or what will be used for it. By Monday evening, the price From Trump $ currency had appeared again.
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