The company behind the Social Truth Social Network, linked to US President Donald Trump, has announced advances in the development of new utility tokens that will become part of the platform’s users and the reward system for Truth+ subscription services.
Parent company Trump Media & Technology Group (TMTG) explained that Tokens will be integrated into that ecosystem as part of the loyalty programalthough there is no accurate information about its technical operations.
The token is linked to the level of user participation within the group’s platform. According to official communications, those who subscribe to the “Patriot Package” streaming package accumulate digital gems based on their activities. These gems are associated with new utility tokens at later stages and can be used in the Truth Society and Truth+.
Utility tokens, as explained by encrypted encryption, We have created assets to grant products and services within the platform. To give examples, exchanges, video games, or loan systems.
This week, the company launched the public beta phase of Truth+, a subscription service for audiovisual content that includes access to useful channels, a wide selection of on-demand choices, comment priorities, special badges and red brand verification. The monthly package costs $9.99There is a free period available to those who wish to participate in the exam stage.
TMTG also reported that it has gathered user opinions on gem design through online surveys. The goal is to incorporate these elements into a A Futura wallet that allows you to manage tokens and make payments within the ecosystem.
In a letter to shareholders published in April, TMTG explained that tokens initially help pay for truth+subscriptions that could expand their use to other services and products. The letter also revealed that token development is part of a broader strategy for technological integration and digital expansion.
Trump media shows growing interest in the digital assets ecosystem. Over the past few months, he has presented a proposal before the US Stocks and Value Committee (SEC) to launch several ETFs linked to cryptocurrencies such as Bitcoin, Ethher (Eth), Solana and Cronos, as reported in Cryptootics.
Additionally, TMTG received approval by the SEC on June 14th to issue the value that funds the creation of the Bitcoin Treasury (BTC), among other initiatives.