Coinsquare Capital Markets Inc. (“Bitbuy”) is offering crypto contracts to purchase and sell TRUMP in reliance on a prospectus exemption granted by the Canadian Securities Administrators (CSA) in the exemptive relief decision dated October 12, 2022. The statutory rights of action for damages and the right of rescission in section 130.1 of the Securities Act (Ontario) and similar legislation in the other CSA jurisdictions do not apply in respect of a misrepresentation in this statement to the extent that a crypto contract is distributed under the above-noted prospectus relief.
No securities regulatory authority in Canada or any other jurisdiction has expressed an opinion about any of the crypto assets (or crypto contracts) that are available through Bitbuy’s platform, including an opinion that the crypto assets are not themselves securities and/or derivatives.
Bitbuy has compiled the information contained in this Crypto Asset Statement to the best of its ability based on publicly available information.
TRUMP is a SPL memecoin on the Solana Network that was launched on January 18, 2025, ahead of Donald Trump’s inauguration as the 47th president of the United States of America. Official Trump token was created by CIC Digital LLC, which is an affiliate of Trump Organization.1 Upon its public launch, Donald Trump took to social medial to announce his new token, saying “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community.” 2 The TRUMP token does not appear to have any utility beyond helping holders participate in the meme culture, and there are no plans or roadmap for future development on the Official Trump website.
As with all assets, investing in TRUMP is not without some general risks. All of the risks of tranding and staking crypto that are identified and explained in our Risk Statement [https://www.Bitbuy.com/en-ca/legal/ccml-rsa] apply to TRUMP. The relevant sections in the Risk Statement are as follows:
Platform Risk, Short History Risk, Price Volatility, Potential Decrease in Global Demand for Digital Assets, Potential for Illiquid Markets, Transfers of Digital Assets are Irreversible, Concentration Risks, Uncertainty in Regulation, Financial Institutions May Refuse to Support Transactions Involving Digital Assets, Digital Assets’ Blockchain May Temporarily or Permanently Fork and/or Split, Cyber-Security Risk, Airdrops, Issues with Cryptography Underlying Digital Asset Networks, Internet Risk, Open Loop System, Risk if Entity Gains a 51% Share of Digital Asset Network, Possible Increase in Transaction Fees, Possible Increase in Service Fees, Limited Canadian Investor Protection Fund Account, No Voting Rights, Custody of Digital Assets, Custody Risk Insurance, Threats to Bitbuy’s Physical Assets, Covid-19 Outbreak, Use of Leverage, Halting, Suspending, and Discontinuing Digital Assets.
In addition to the general risks, we outline some risks that are specific to TRUMP below. While we make an effort to identify every source of risk, we encourage you to do your own research and ensure you are comfortable investing in TRUMP.
As TRUMP is an SPL token (address 6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN) on the Solana network, it is highly dependent on the continued stability of that network. Any fundamental issues in the Solana network may impact TRUMP’s token value. Investors should consider this dependency, and the Solana network’s history with respect to stability, when evaluating TRUMP.
TRUMP is one of many digital assets that are classified as memecoins. Memecoins follow internet trends and are susceptible to volatility influenced by social media activity, online jokes, and adoption or comments by celebrities or public figures. However, as with typical internet memes, trends may be fleeting and those steep increases could level off very quickly as meme-followers lose interest. There is no utility for this token beyond participating in the meme.
Only 20% of the total supply of TRUMP has been released to the public. The remaining 80% of the supply is reserved for creators and wallets controlled by CIC Digital LLC, which is an affiliate of the Trump Organization. These tokenomics are abnormal, and potential investors should be aware of the vast ownership of the creators and CIC Digital. The 80% that is reserved for creators and CIC digital will be unlocked over a 33-month period, which begins in April 2025.3
To be made available for trading on Bitbuy’s platform, a digital asset must pass the following due diligence reviews:
Bitbuy undertakes these three levels of due diligence in order to determine whether the digital asset is compliant with our legal and regulatory obligations, is secure, and has historical data supporting a beneficial business case. Bitbuy’s New Product Committee must provide final approval for a new digital asset to be made available on the platform.
Official Trump Twitter: https://x.com/GetTrumpMemes
Official Trump Website: https://gettrumpmemes.com/#Fight-facts
Last updated: January 19, 2025
