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Some 200m digital tokens have been issued and another 800m will be released in the next three years, the coin’s website said.
“This Trump Meme celebrates a leader who doesn’t back down, no matter what,” the website says.
It includes a disclaimer stating that the coin is “not intended for, or the subject of” an investment or security opportunity and is “non-political and has nothing to do with” political campaigns, political offices or government agencies.
Critics accused Trump of cashing in on the presidency, with one crypto commentator calling the coin meme “predator”.
“Trump has 80 percent and the timing of the launch hours before the inauguration is predatory and many will likely be hurt by it,” Nick Tomaino, a crypto venture capitalist and former executive at Coinbase, one of the largest crypto trading platforms, said in a social media post. .
Such digital tokens are notorious for speculators who use the hype to pump up value before selling at the top of the market, leaving latecomers to count losses when prices crash.
Cryptocurrency investors are hoping the Trump administration will be a major boost to the industry.
President Joe Biden’s regulators voiced concerns about fraud and money laundering as they cracked down on crypto companies by suing exchanges.
Trump was previously skittish about cryptocurrency.
But at the Bitcoin conference in Nashville last year he said that America will be the “crypto capital of the planet” once he returns to Washington.
His sons Erik and Donald Jr. announced their own crypto venture last year.
