“Real Trump Token: Makes Alts Great Again” — Potential Catalysts for Political Coin Movement?
Binance Smart Chain (BEP20)
Real Trump Token: Makes Alts Great Again
Price: $0.0006
Market Cap: $5,647,046
“Real Trump Token (RTT) is a project that not only rewards its holders but also helps raise funds for the 2024 re-election of President Donald J. Trump. The RTT team has created the RTT ecosystem. RTT will operate on the Binance Smart Chain (BEP20). “ (Real Trump Token Whitepaper)
Real Trump Token ($RTT) offered a presale in early June, and based on my analysis, may only be getting started in terms of market cap , and community growth.
Allow me to explain why.
*disclaimer* , I am just the messenger, I am not affiliated or opposed to any political movement, I simply provide unbiased ICO analysis.
With that out of the way, there are key elements that contribute to the potential success of a token. In this article, I look at the project overview, contract security, “expert” rating, and community.
I have chosen these specific elements because they are what token investors look for when “apeing” in to a new project. I did not include “Blockchain Network” as a category, as this is a Binance token which is widely adopted and has low transaction fees.
Project Overview
The project in itself has a revolutionary premise. That is, creating monetary value for a group with similar cultural and political beliefs, and funding the respective political movement. In this respect, the project excels.
The whitepaper looks good. It is three pages long and explains all relevant aspects such as the tokenomics and its political intention (funding Donald Trump reelection) .
The tokenomics , or token economics, according to the whitepaper are as follows:
The initial supply of the token will be 10 billion tokens of which 10% is owned by the developers. “Throughout the project, the team will burn at least 1 billion tokens. Token burns will occur on a quarterly basis and at surprise milestones (Real Trump Token Whitepaper).
Each transaction is taxed 10% and divided as such:
· “2% of every transaction will be redistributed to holders of RTT.”
· “3% of every transaction will be locked in the liquidity pool.”
· “5% of every transaction will be put into the utility wallet.”
· “1% of this will be added to a locked “re-election” wallet on a monthly basis and will be locked until 2023.”
These are solid tokenomics .
The project is large scope, but like all shitcoins, speculative. However, if it takes off, it will be very profitable, and potentially a catalysts for more political style tokens.
Contract Security
RTT was audited by “TechRate” and passed all aspects with one “low severity” issue.
Since you are an intelligent investor, I am assuming you want to know what issue.
Here you go (Techrate Audit):
“Out of gas” Issue:
· The function includeInReward()uses the loop to find and remove addresses from the _excludedlist. Function will be aborted with OUT_OF_GASexception if there will be a long excluded addresses list.
· The function _getCurrentSupplyalso uses the loop for evaluating total supply. It also could be aborted with OUT_OF_GASexception if there will be a long excluded addresses list.Recommendation:Check that the excluded array length is not too big.
Owner privileges (Techrate Audit)
(In the period when the owner is not renounced):
· Owner can change the tax, charity and liquidity fee.
· Owner can change the maximum transaction amount.
· Owner can exclude from the fee.
· Owner can lock and unlock.
According to the RTT team, “At the conclusion of the Public Presale, the liquidity pool will be locked and the contract ownership will be renounced. “
However, the Techrate Audit states,
“..Using these functions the owner could retake privileges even after the ownership was renounced.”
This creates a level of risk for holders, therefore, while the audit states the contract has a secure infrastructure, investors still rely on the trust that the team will not retake privileges in the future.
Expert Ratings
An “expert” is an influencer in the crypto space and their opinions are a key factor in the success of a token as many investors rely on the information they provide. Experts include, Twitter, and Youtube, and Reddit infulencers, who study and release content about the industry.
So far, the coin has received below average influencer publicity as it has only been picked up by a couple Youtubers, and the CryptoMoonShots reddit group. However, its presale was only 7 days ago (June 6).
Community
Community and transparency are critical factors in the success of a token. As of June 13, RTT has 2246 telegram members and has plans to nurture the community.
To provide transparency, “Members of the team will begin doxing during the presale time and the contract will undergo at least two external audits.” (Real Trump Token Whitepaper)
Doxing in this case simply means to reveal their identity…
The more “doxxed” team members a token has, the better. Doxxing provides holders with trust through real people, who held accountable in the community if things get fishy.
To enforce community, the team plans to host weekly contests for NFT artwork submissions, do community airdrops, manual token burns, host AMAs, and deploy a merch store where holders can utilize the RTT to buy things.
Real Trump Token Team:
1. Park (parker) — Lead Developer, Texas (USA) project Management
2. DuraCrytpMax (Michael) — Crypto and Blockchain Analysis
3. JP (JP) — Business and Operations Management
4. Jack — Communications
5. SmallGrape (Addan) — Content Creation
6. Nuznog — Business and Technology
7. Rasha — Pr and Operations Management
8. Marko — Software Engineering
9. SR — Community Management
In conclusion, RTT has above average potential for community given its political agenda, and team size. The overall product, while politically polarizing, is ground-breaking. While the contract is a risk factor, as long as the developers remain transparent, there should not be any security issues, or rugpulls. There has been near zero publicity from influencers or news outlets so far, as the team is probably in the stage of analyzing the launch. So far, this is a key element the project lacks.
I am curious to see the potential for future political, and culturally driven coins.
