Truth Social and Truth+ allow users to convert gems into Cronos token, dropping plans for proprietary token
Switch to Cronos token offers users direct monetization of engagement rewards, moving away from the risks of a new digital asset.
Cronos (CRO) price
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- Price
- $0.053
- 24h change
- +0.1%
- Market cap
- $2.7B
- 24h volume
- $5.6M
- Circulating supply
- 50.7B CRO
CoinGecko data as of Oct 28, 11:05 AM EDT.
Trump Media & Technology Group today announced that users of Truth Social and Truth+ platforms can convert their “gems” rewards into Cronos token, abandoning earlier plans to launch a proprietary digital asset.
The change allows users to exchange activity-based reward points, called gems, directly into the established Cronos token rather than a platform-specific crypto asset that was previously under consideration, according to a company press release.
The move represents a strategic shift for the Trump-backed social media platforms, which had sparked speculation about potentially introducing their own digital token. By adopting an existing crypto asset, the platforms provide users with a more immediate path to monetize their engagement rewards.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
