Key Takeaways:
Truth Social users testing the Patriot Package subscription will accumulate “gems” potentially linked to a utility token. The company has not disclosed whether the token will run on public blockchain infrastructure. Trump Media has filed for a “Blue Chip Crypto ETF” covering BTC, ETH, SOL, XRP, and CRO.Truth Social announced a new feature that may introduce token-linked incentives, according to a July 10 post from the platform’s official account.
Users participating in the beta release of Truth+, a subscription video service called the Patriot Package, will begin accumulating “gems” based on their activity.
Gems for Truth Social and Truth+
According to the announcement, these digital rewards are expected to be linked to a future utility token integrated across Truth Social and the streaming platform.
“These will eventually be tied to a utility token on both Truth Social and Truth+,” the post stated.
The Patriot Package trial includes a red verification badge, boosted comments, and expanded access to streaming content. The platform is also collecting user feedback through a poll focused on the visual design of the new rewards system.
The company has not disclosed further details on the utility token’s issuance or function, nor whether it will involve public blockchain infrastructure. The reference to a dual-platform token feature makes the first public indication of possible token integration by Trump Media & Technology Group.
Truth Social trades under the ticker $DJT following a recent public listing. No timeline was given for a full rollout of the gem or token system.
Trump Media Files for Crypto ETF
Trump Media & Technology Group, the parent company of Truth Social, has filed an S-1 registration statement with the U.S. Securities and Exchange Commission for a “Blue Chip Crypto ETF,” according to a July 8 submission.
The proposed fund would include Bitcoin, Ethereum, Solana, XRP, and Cronos, with a portfolio weighting of 70% BTC, 15% ETH, 8% SOL, 5% CRO, and 2% XRP.
The filing states the ETF will operate as a passive fund without leverage or derivatives and will offer staking for certain assets. The product is sponsored by Yorkville America Digital, with Foris DAX Trust Company named as custodian and Crypto.com appointed as exclusive Bitcoin custodian and liquidity provider. The ETF will list on NYSE Arca upon approval, though no ticker has been announced.
Some platforms have explored token rewards for creators or audience participation, but regulatory clarity around these assets remains uneven.
If fully developed, Truth Social’s token system could mirror past efforts by social apps to create internal economies tied to user actions.
Frequently Asked Questions (FAQs)
The company has not confirmed if the token will be transferable or listed on public exchanges.
It is a subscription service offering streaming content, red verification, and boosted comment features for beta testers.
The proposed ETF covers five cryptocurrencies: Bitcoin, Ethereum, Solana, XRP, and Cronos, with a majority allocation to BTC.
The post Trump’s Truth Social Introduces ‘Gems’ Linked to Utility Token appeared first on Cryptonews.
