The Donald Trump memecoin mission has clarified the principles of its newly launched competitors, which provides holders an opportunity to attend a personal dinner with the US president.
On April 23, the group behind the TRUMP token introduced that the highest 220 holders would obtain invitations to an unique dinner set for Might 22. They added that the highest 25 contributors will even acquire entry to a particular VIP reception and a guided tour of the
Early experiences estimated that contributors would want to carry over $395,000 price of the TRUMP token to qualify.
Nevertheless, the mission group has pushed again towards figures, stating that contenders don’t have to spend lots of of 1000’s of {dollars} to qualify. The group additionally rejected claims that locked tokens could be launched to affect the competitors.
Leaderboard to find out winners
In a put up on X, the Trump memecoin group defined that many customers mistakenly recognized the 220th pockets handle on the block explorer because the cutoff level.
The group careworn that this determine is deceptive, because it contains change wallets, locked tokens, and addresses not eligible for the competitors.
In accordance with them, solely wallets listed on the official leaderboard, which tracks time-weighted holdings, are eligible. They said:
“The sphere is large open and it’s anybody’s alternative to have Dinner with President Trump. You should register on the leaderboard if you wish to take part. The earlier the higher. Your rating relies in your time-weighted holdings through the competitors.”
As of press time, the “Solar” pockets tops the leaderboard with greater than 1.17 million TRUMP tokens, valued at about $15 million. The 220th-ranked consumer, “Moek,” holds 112 TRUMP tokens price round $1,344.
When the mission posted its replace to X, the 220th-ranked consumer was an account labeled ‘HAR’ holding $420. Thus, the minimal ticket value greater than tripled inside a number of hours.
Trump could not attend
Regardless of the advertising hype, the group disclaimed that Trump’s attendance on the gala dinner just isn’t assured.
In accordance with the occasion phrases:
“President Trump could not be capable of attend the $TRUMP Gala Dinner, and the $TRUMP Gala Dinner could also be cancelled for any purpose (together with, however not restricted to, a power majeure occasion).”
The group furthered that if Trump can’t attend or the dinner doesn’t proceed as meant, eligible contributors will obtain a restricted version TRUMP NFT as compensation.