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The Recipe Behind the Trump Family's Crypto Riches: PancakeSwap [View all]
The Recipe Behind the Trump Family’s Crypto Riches: PancakeSwaphttps://www.msn.com/en-us/money/companies/the-recipe-behind-the-trump-family-s-crypto-riches-pancakeswap/ar-AA1KpvFs
The Trump family’s crypto venture has generated more wealth since the election—some $4.5 billion—than any other part of the president’s business empire.
A major reason for the success is a partnership with an under-the-radar trading platform quietly administered by Binance, the world’s largest crypto exchange, whose founder is seeking a pardon from President Trump, according to people familiar with the matter.
The online trading platform, PancakeSwap, serves as an incubator of sorts, drumming up interest among traders to use coins issued by the Trump family’s main crypto company, World Liberty Financial.
The more World Liberty’s flagship coin, USD1, is used, the greater demand to increase its circulation, and the greater the profit for World Liberty and its owners, including the Trump family.
PancakeSwap is an online marketplace for cryptocurrencies. It connects users who trade USD1 with newly created currencies such as Torch of Liberty and Eagles Landing. These patriotic-sounding coins, according to their websites, were launched this year with the main purpose of helping increase the use of USD1.
Traders, mostly writing in Chinese, gather in groups on the Telegram messaging app to talk about competing for rewards paid out to top users of USD1 and advertised by PancakeSwap.
...
A major reason for the success is a partnership with an under-the-radar trading platform quietly administered by Binance, the world’s largest crypto exchange, whose founder is seeking a pardon from President Trump, according to people familiar with the matter.
The online trading platform, PancakeSwap, serves as an incubator of sorts, drumming up interest among traders to use coins issued by the Trump family’s main crypto company, World Liberty Financial.
The more World Liberty’s flagship coin, USD1, is used, the greater demand to increase its circulation, and the greater the profit for World Liberty and its owners, including the Trump family.
PancakeSwap is an online marketplace for cryptocurrencies. It connects users who trade USD1 with newly created currencies such as Torch of Liberty and Eagles Landing. These patriotic-sounding coins, according to their websites, were launched this year with the main purpose of helping increase the use of USD1.
Traders, mostly writing in Chinese, gather in groups on the Telegram messaging app to talk about competing for rewards paid out to top users of USD1 and advertised by PancakeSwap.
...
So ... using the office of President of the USA to fleece the private sector suckers directly.
1 replies
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