Is the Trump crypto workforce launching a branded crypto pockets and buying and selling app?
A Trump-branded crypto buying and selling app and pockets is reportedly in improvement, in accordance with a brand new web site.
The positioning — TrumpWallet.com — invitations customers to affix a waitlist for what it calls the “Official $TRUMP Pockets by President Trump,” created in partnership with Magic Eden and the workforce behind the TRUMP (TRUMP) memecoin.
Crypto journalist Molly White first reported the location’s existence, noting the applying is designed to permit buying and selling of the TRUMP token, Bitcoin (BTC), and different digital property.
On the time of writing, there isn’t any formal announcement from the Trump workforce or its crypto companions.
Trump and Magic Eden connections
In accordance with the location, the pockets is a collaboration between NFT market Magic Eden and GetTrumpMemes.com, the group behind Trump’s memecoin.
A promotional banner on the web site advertises “$1 MILLION in TRUMP REWARDS!” and descriptions a referral-based sweepstakes promising “Trump Containers” containing as much as 50 $TRUMP tokens. One participant can even be randomly chosen to obtain $100,000 in $TRUMP.
Whereas the pockets’s interface seems to imitate Slingshot Finance’s design — together with navigation objects and authorized paperwork — it’s unclear whether or not the ultimate product might be a Slingshot reskin or a standalone utility.
Magic Eden acquired Slingshot Finance in April as a part of a push into broader crypto buying and selling. The present phrases and privateness coverage on the TrumpWallet web site are lifted instantly from Slingshot, suggesting doable shared infrastructure.
Magic Eden CEO Jack Lu and different executives attended a Trump crypto dinner in Could alongside memecoin backers, cementing ties between the platform and the Trump-themed token.