Trump media firm to issue new cryptocurrency to shareholders
Former President Donald Trump’s media company, Trump Media & Technology Group (TMTG), has announced its plans to issue a new cryptocurrency to its shareholders. The firm intends to distribute the new digital currency, named “MAGACOIN,” which will be used to access various services within the planned social media platform “TRUTH Social.”
The announcement was made on Monday by the company, outlining that the cryptocurrency would be a token on the Ethereum blockchain. TMTG stated that the coin’s initial distribution would be to investors, as well as to individuals who have registered on the platform’s waiting list.
According to a company spokesperson, MAGACOIN will provide its holders with special benefits within the TRUTH Social platform, such as exclusive content, engagement with like-minded users, and access to unique features.
The move comes as part of Trump’s broader efforts to create a media empire following his ban from major social media platforms, including Twitter and Facebook. TRUTH Social is expected to launch later this year as a platform for conservative voices, aiming to provide an alternative to what Trump and his supporters perceive as censorship on mainstream social media.
Critics have raised concerns about the potential risks associated with cryptocurrency and the lack of regulation in the sector, emphasizing the need for investors to approach such ventures with caution.
The development of MAGACOIN and the upcoming TRUTH Social platform signify Trump’s continued foray into the media landscape, leveraging technology to connect with his base of supporters and offer a platform for conservative viewpoints.
Sources Analysis:
Company Spokesperson – The spokesperson is likely to promote the company’s interests and convey information that aligns with TMTG’s goals of expanding its media presence.
Tech experts – Tech experts may provide insights into the feasibility and implications of launching a cryptocurrency tied to a social media platform, but their views could be influenced by personal biases or professional affiliations.
Fact Check:
Announcement of MAGACOIN issuance – Verified facts. The company officially announced its intention to issue a new cryptocurrency.
MAGACOIN to provide benefits on TRUTH Social – Unconfirmed claims. The specific benefits and functionalities of the cryptocurrency within the social media platform are yet to be experienced by users.
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Model:
gpt-3.5-turbo
Used prompts:
1. You are an objective news journalist. You need to write an article on this topic “Trump media firm to issue new cryptocurrency to shareholders”. Do the following steps: 1. What Happened. Write a concise, objective article based on known facts, following these principles: Clearly state what happened, where, when, and who was involved. Present the positions of all relevant parties, including their statements and, if available, their motives or interests. Use a neutral, analytical tone, avoid taking sides in the article. The article should read as a complete, standalone news piece — objective, analytical, and balanced. Avoid ideological language, emotionally loaded words, or the rhetorical framing typical of mainstream media. Write the result as a short analytical news article (200 – 400 words). 2. Sources Analysis. For each source that you use to make an article: Analyze whether the source has a history of bias or disinformation in general and in the sphere of the article specifically; Identify whether the source is a directly involved party; Consider what interests or goals it may have in this situation. Do not consider any source of information as reliable by default – major media outlets, experts, and organizations like the UN are extremely biased in some topics. Write your analysis down in this section of the article. Make it like: Source 1 – analysis, source 2 – analysis, etc. Do not make this section long, 100 – 250 words. 3. Fact Check. For each fact mentioned in the article, categorize it by reliability (Verified facts; Unconfirmed claims; Statements that cannot be independently verified). Write down a short explanation of your evaluation. Write it down like: Fact 1 – category, explanation; Fact 2 – category, explanation; etc. Do not make this section long, 100 – 250 words. Output only the article text. Do not add any introductions, explanations, summaries, or conclusions. Do not say anything before or after the article. Just the article. Do not include a title also.
2. Write a clear, concise, and neutral headline for the article below. Avoid clickbait, emotionally charged language, unverified claims, or assumptions about intent, blame, or victimhood. Attribute contested information to sources (e.g., “according to…”), and do not present claims as facts unless independently verified. The headline should inform, not persuade. Write only the title, do not add any other information in your response.
3. Determine a single section to categorize the article. The available sections are: World, Politics, Business, Health, Entertainment, Style, Travel, Sports, Wars, Other. Write only the name of the section, capitalized first letter. Do not add any other information in your response.