Trump Media boosts CRO, converting Truth Gems to crypto with Truth Social integration

Crypto.com-related Cronos token has received a important inferior boost aft being integrated into Truth Social, the media level backed by US President Donald Trump.

On Sept. 9, Truth Social revealed that subscribers of its premium Patriot Package volition summation entree to Truth Gems, a rewards diagnostic tied to idiosyncratic enactment connected the platform. These Gems, erstwhile accumulated, tin present beryllium converted into Cronos tokens done Crypto.com’s wallet infrastructure.

The update enhances the platform’s engagement incentives portion expanding CRO’s usage cases beyond speech trading.

Crypto.com CEO Kris Marszalek described the improvement arsenic different milestone for the token’s ecosystem.

“Step by measurement — $CRO inferior increasing each day,” helium said, emphasizing the company’s strategy of gathering accordant token request done partnerships.

Following the news, information from CryptoSlate showed that CRO surged much than 4%, concisely reaching $0.27 earlier retracing to $0.25 astatine property time.

Trump Media and Crypto.com

The integration reflects a broader alignment betwixt Trump Media & Technology Group (TMTG), Truth Social’s genitor company, and Crypto.com.

Earlier this month, TMTG completed a acquisition statement with the speech for 684.4 cardinal CRO tokens, worthy astir $105 million. The deal, paid successful a premix of currency and stock, represents astir 2% of the token’s circulating supply.

That statement followed the launch of Trump Media Group CRO Strategy, a caller entity designed to get up to 19% of the token’s proviso done a planned SPAC merger. According to the company, the inaugural aims to make a dedicated integer plus treasury built astir CRO.

Beyond nonstop token accumulation, Crypto.com is besides cardinal to Trump Media’s plans for integer plus exchange-traded products. Both firms announced successful March that they mean to motorboat a suite of crypto-based ETFs aboriginal this year, pending regulatory approval.

The station Trump Media boosts CRO, converting Truth Gems to crypto with Truth Social integration appeared archetypal connected CryptoSlate.