More than 200 wealthy, mostly anonymous crypto buyers will come to Washington on Thursday for dinner with President Donald Trump. Tickets: $55,000 to $37.7 million.
That's the 220 champions of a game to go with Trump spending on his turbulent cryptocurrency tokens, according to an analysis by blockchain analytics firm Nansen.
At a specific time determined by dinner organizers, $$Trump's coin holder was awarded a seat.
Nathan found that the winners spent $394 million on Trump's official cryptocurrency, although some have sold some or all of their shares since the game ended. The amount of the payment varies greatly, with the top seven winners spending more than $10 million, while the bottom 24 cost less than $100,000. Research shows that one-third of the winners (67 of them) spent more than one million dollars. The average winner spent $1,788,994.42.
According to CoinMarketCap, like many meme coins, the value of $Trump fluctuates greatly. Nansen tracks how many championships each game spends when buying.
The winner of the 220 Big Competition for Black Tie held at Trump National Golf Club Washington, DC was invited to participate in the Black Competition, and the contest’s website claimed that Trump “appeared at dinner as a guest, not to provide any funding for it,” and 80% of the $TRUMP COIN program, 80% of the Trump Tools program are owned by companies of two Trump dating companies, CIC Digital and Fight Fighting Fighting and Fight figing figing laal llc llc llc.
The personal cryptocurrency and related competition ended last Monday added a way that Trump appears to use the presidency to make profits in person. His business interests are trusts controlled by his son Donald Trump Jr., whose many family businesses are intertwined with his presidential activities, including events held at his social clubs, and exclusive political statements on his social media app Truth Social.
Trump's cryptocurrency also makes money for kidnapping groups that are created only through transactions. There will be a transaction fee for the $Trump coins to be traded. Chainalysis, another cryptocurrency research firm, estimates that Trump coins charged nearly $900,000 in transaction fees within two days of the game’s announcement.
While most federal employees will be legally banned from using their offices for the sake of financial gain, the president is largely exempt, but Dan Weiner, director of the Brennan Justice Center’s election and government programs, told NBC News.
"The president's ban on conflicts of interest for nearly all people working in the federal government is not subject to a wide range of bans," Weiner said.
"Overall, even by the standards of the first Trump administration, it's very crazy when you do business in the president's hotel. That goes far beyond that, but it doesn't necessarily make it illegal to him," he said.
"The president is working to get a good deal for the American people, not for himself," White House spokesman Anna Kelly said in a statement.
Even the winner at the bottom of the rankings took far more time than the legal limit for Americans to donate directly to political candidates, $3,500.
The highest Padrian appeared on Tuesday as Chinese-born crypto entrepreneur Justin Sun, who told Forbes in March that he had become a citizen of the small island nations of St. Kitts and Nevis. Sun was sued by the Securities and Exchange Commission, but the case has been suspended by the Trump administration.
Most other contest winners are largely private, known only for their pseudonyms and cryptocurrency wallet addresses. However, according to independent crypto researcher Molly White, most of the attendees appear to be foreign nationals.
White checked the transactions for each winning wallet when they traded through different crypto exchanges and noted that holders seemed to use exchanges that did not allow our citizens. White told NBC News that of the 220 wallets associated with the contest winner, 158 or 72% of the wallets appeared.
A New York Times survey report said the rankings include people representing crypto businesses in Singapore and Australia.
Weiner said the prevalence of non-U.S. citizens is noteworthy in competition championships, because it is usually illegal, not the person who is donating to American political candidates.
"It's an incredible contrast. We have very strict laws that prohibit foreign nationals from making campaign contributions. So the irony here is that many people who buy this currency are not eligible to donate $100 to the president's campaign," he said.
"We have all kinds of laws that are designed to prevent foreign countries from having a low political impact on us, and in fact both sides agree on legal measures to avoid. But you have already happened to you."