Trump wants to issue coins again?
When I woke up today, I saw that Truth Social was planning to release the platform currency, and to be honest, I wasn't too optimistic. I wonder how many people are looking forward to whether it can be reproduced $TRUMP ?
Let me tell you what I think
$TRUMP That wave can rise well depends on emotions, expectations brought about by the election cycle, and attention brought by Trump's personal label and controversialness. It's essentially more like a MEME with a political symbol than a coin with a landing function. To put it simply, it is not the logic of the product, but the traffic and game sentiment brought by the word "Trump" itself.
But platform coins are a different story. The platform currency is about the ecology, the number of users, the trading volume, the discount of fees, and the governance. Truth Social is not an on-chain product, and Web3 users don't have much interaction on it.
In the final analysis, this "platform currency" is just a reason to make money, not because the app needs a token to operate, they can also empower $TRUMP, why choose to issue new coins?
The President's Wife Coin is a good example of this. There is a topic, but there is no expected way to cash, and the funds are not willing to do it. In the end, it is also a wave.
So I don't think you should use $TRUMP's record to set up Truth Social's coins. That's not a model, it's an example, and it can even be said that it is an emotional extreme that cannot be replicated.
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