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In a hot file unveiled by the Bureau American of ethics governmentalthe former president Donald Trump would have won between 100 001 et 1 000 000 $. And all of this by selling Trump non-fungible tokens (NFTs). These facts were reported by the Advice citizens for responsibility and ethics (CREW), a Washington-based ethics watchdog.
The Trump NFT generated millions of dollars
The few 45 000 digital coins minted with the effigy of 45e President of the United States launched last December flew away in the space of a day. This comes after the former president was indicted by a New York grand jury a few weeks ago. Let us recall that following the announcement of his chargethe price of NFT Trump suddenly started to soar.
Documents filed Friday showed Trump would have served as a director, president, secretary and treasurer of CIC Digital LLC et CIC Ventures LLC. The official Trump Trading Cards website, for its part, claimed that the CIC Digital LLC would have given the NFT INT LLC, the company behind the project, permission to use Trump’s name and iconography for the project. And this, within the framework of a paid license agreement.
The issued filing lists the income of CIC Digital LLC, as NFT having reported between 100 0001 $ et 1 000 000 $ to Trump. He also indicated that the CIC Ventures LLC would have received more 5 000 000 $ for having given simple lectures.
Cryptocurrency investing is offered by eToro (Europe) Ltd as a PSAN, registered with the AMF. Cryptocurrencies are very volatile. No consumer protection.
An NFT project that is struggling to take off
The NFT data aggregator CryptoSlam him, revealed that since its launch, this project would have generated more than $19,000,000 in revenue. Last week, however, the number of crypto wallet assets holding Trump NFTs fell 13%. Currently, they would be more than 208 to own.
According to data fromOpenSea, 65% of holders own only one Trump NFT. 23% have between 2 and 3. Of course, a few wallets have more than 100. In addition, exactly 1000 NFTs have remained private and are stored in the Gnosis Safe Wallet. For those unaware, any movement of assets on this multi-signature smart contract wallet, is only possible with the approval of multiple users.
Filings show that @realDonaldTrump has made between $100,001 to $1M from NFT sales. @thesamreynolds reportshttps://t.co/sqooXKILNF
— CoinDesk (@CoinDesk) April 15, 2023
A damning file for the former president
The fact that Trump was able to garner up to 1 000 000 $ with the sales of his collection de NFT is a mystery. The official site does not indicate that no penny from the sale was injected into its re-election campaign, but it seems clear that Mr. Trump would still have personally pocketed a large share of the profits. The files submitted by the Bureau American of ethics governmental explicitly mention it.
OpenSea also revealed that a royalty of 10 % would have been levied on secondary sales of NFTs. Today, a Trump NFT is trading at the maximum at 10 ETHwhich is equivalent to 20 000 $. Nevertheless, it is always possible to find offers at 0.3 ETHis around 630 $.
This project cryptocurrency has been making headlines since its creation. Evidenced by the many investigations that have been conducted by Twitter users and cryptocurrency enthusiasts on the web. Their financial analyzes made it possible to connect art thefts and the use ofshady wallet addresses with this project.
A journalist’s investigation Kurt Eichenwald even revealed that the LLC domiciled in a building in Cheyenne, Wyoming, was already involved in international scandals and shell companies.
As for the New York Times, it revealed that Bill Zankerthe serial-entrepreneur and Co-writer of a book with Mr. Trump, would have agreed to share with the ex-president, a significant part of the sales.
Cryptocurrency investing is offered by eToro (Europe) Ltd as a PSAN, registered with the AMF. Cryptocurrencies are very volatile. No consumer protection.
Source : Coindesk
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