Donald Trump's Son Shares Details on 'Equitable' Digital Real Estate Project

Eric Trump, son of former President Donald Trump, recently shed some light on the mysterious crypto project that he and his brother, Donald Trump Jr., have been hinting at.

Donald Trump Jr., the eldest son of former U.S. President Donald Trump, announced a new decentralized finance (defi) project on August 7, 2024. The announcement was made on X, a social media platform, where Trump Jr. has 11.9 million followers. “decentralized finance is the future, don’t get left behind,” he stated in the post.

Meanwhile, his younger brother Eric Trump has also been actively promoting the mysterious crypto venture. The team has launched a Telegram channel named the “DeFiant Ones,” which has already attracted over 22,000 subscribers. However, since its debut, the channel has remained largely inactive, except for a Telegram premium account giveaway, where several randomly selected subscribers won three free months of the messenger app's premium features.

On August 14, Eric Trump provided a bit more detail to the New York Post, offering a glimpse into what this secretive project might involve. In his interview with the Post, Trump stated, “It’s digital real estate. It’s equitable. It’s collateral anyone can get access to and do so instantly. I don’t know if people realize what a shake up that is for the world of banking and finance. I hope we can help change that.”

Trump did not go into the specific details, instead focusing on the familiar themes often highlighted by decentralized finance advocates—such as providing financial access to the unbanked and promoting greater financial inclusion. “Essentially over half this country right now cannot be banked,” Trump told the publication. “Meaning they will be rejected for most loans from most institutions.”

Trump added:

But with this technology they could have the ability to almost instantaneously be approved or denied from a lender based on math, not policy. Money could be in their account in minutes, not months.

Despite the glimpses shared by Eric Trump, the true nature of the Trump brothers’ crypto project remains a mystery. With vague references to “digital real estate” and financial equity, the project’s details are still unknown and elusive. For now, crypto market observers are left in suspense, awaiting concrete information on whether this venture will indeed disrupt the financial world.

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