Crypto.com CEO: "Cronos to Become Truth Social's Platform Token"
Son Min
Summary
- Kris Marszalek, CEO of Crypto.com, announced that Cronos (CRO) is set to become the platform token for Trump's social media 'Truth Social'.
- Trump Media Group CRO Strategy stated that they plan to gradually increase their holdings by staking CRO.
- A Cronos reserve plan worth $6.42 billion has been announced, and upon the completion of the merger, they are expected to become the world's largest Cronos holder.
Cronos (CRO) is set to become the platform token for former U.S. President Donald Trump's social media service, 'Truth Social'.
On the 26th (local time), Kris Marszalek, CEO of Crypto.com, announced on X (formerly Twitter) that "as part of a strategic partnership, Cronos will be Truth Social's platform token." He also commented, "The 'Trump Media Group CRO Strategy' will hold its CRO reserves permanently" and added, "We plan to gradually increase holdings by staking CRO."
Meanwhile, the Trump Media Group CRO Strategy announced a $6.42 billion Cronos reserve plan. Upon completion of the merger, it is expected to become the world's largest Cronos holder.
Son Min
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