Recep Gülcemal 
Trump Media, Crypto.com and Yorkville are signing a significant partnership agreement. Together, they plan to launch a new venture to create the world’s first publicly available and largest CRO reserve. The total asset value to be used for this reserve is approximately $6.42 billion. This structure is considered a significant step in the digital asset market. This large reserve will be created with the following assets:
- It will consist of $1 billion worth of CRO tokens.
- It will include $420 million in share options and cash.
- Yorkville’s credit support will be $5 billion.
If this plan is realised, Trump Media Group CRO Strategy will become one of the largest companies in terms of the ratio between market value and asset reserves. Furthermore, there is discussion about Yorkville trading on the Nasdaq under the ticker symbol MCGA. The reason for choosing this ticker symbol is that it references Trump’s campaign slogan.
System Offering Staking Opportunities
The company does not plan to hold its CRO tokens. Its aim is to use them actively rather than passively. To this end, it plans to set up a validator node on the Cronos network. This way, users will be able to earn rewards for the assets they stake and also gain a say in the management of this network. Trump Media stated that this node will be managed by a team of crypto experts in the field. It was emphasised that the aim is to attract delegation from outside in the CRO field.
So why Cronos?
One of the most frequently asked questions about this newly planned project is why Cronos was chosen. The main reason for choosing Cronos is that Crypto.com created a blockchain for projects such as DeFi, metaverse and NFT at the end of 2021. This blockchain, called Cronos, promises cross-chain compatibility. The newly created blockchain is both faster and a lower-cost alternative to Ethereum. It should also be noted that there have been some controversial statements on this subject in the past.
For example, in 2021, plans to burn approximately 70 billion CRO tokens were cancelled. This has led to significant criticism within the industry. Chain analysis experts also emphasise that Crypto.com has excessive control over CRO supply and voting.
Despite all the criticism, the Trump team still approves of this collaboration. Crypto.com was among the 20 companies invited to the White House Crypto Summit held at the White House this year. Furthermore, Trump Media is also working with Crypto.com on Made in America ETF projects related to digital assets.
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