Fact Social, the social media firm based by US President Donald Trump, continues its cryptocurrency strikes.
At this level, Fact Social has lastly signaled that it’ll launch a utility token tied to its premium subscription service, Patriot Bundle.
Based on Decrypt, Fact Social TV has introduced plans to launch a token that can reward customers as a part of its streaming subscription bundle.
Within the close to future, Patriot Pack subscribers will accumulate gems of their Fact Social accounts based mostly on their degree of engagement with the platforms. These will finally be tied to a utility token throughout each Fact Social and Fact+.
The corporate had beforehand acknowledged in April that it was contemplating issuing a utility token.
This is not the primary time Fact Social has introduced its plans for cryptocurrencies, because it’s taking main steps to develop its presence within the cryptocurrency area.
At this level, the corporate final month filed for a spot Bitcoin ETF and a Bitcoin and Ethereum combo ETF.
Earlier this week, the corporate filed with the SEC for a “Crypto Blue Chip” ETF that might include BTC, ETH, Solana (SOL), XRP, and CRO.
*This isn’t funding recommendation.
