Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
Category Archives: Online Funding / Investing Campaigns
Understanding Casino Game Odds: What Every Player Should Know
June 5, 2025
Casino games are designed with built-in mathematical advantages, but understanding odds can shift the balance slightly in your favour. Whether you're spinning reels on online pokies for free or placing bets on Canadian slots for real money, knowing the probabilities helps you make smarter choices. Players looking for extra value should check out the Winspirit promo code for exclusive bonuses.
Key Facts: The Numbers Behind Casino Games
Casino odds vary widely between games, and even small differences impact long-term outcomes. Some games offer better player returns than others, while others are purely luck-based. Here’s what the data reveals:
- 96% is the average return-to-player (RTP) rate for online slots, while land-based pokies often sit at 90% or lower.
- Blackjack offers the best odds among table games, with a house edge as low as 0.5% when using optimal strategy.
- Roulette’s European version has a 2.7% house edge, while the American wheel jumps to 5.26% due to the extra zero.
- Video poker can have an RTP exceeding 99% when played with perfect strategy.
- 1 in 13,983,816 is the probability of winning a standard 6/49 lottery jackpot.
Why Game Choice Impacts Your Winning Chances
Not all casino games are created equal. Slots may be easy to play, but table games like blackjack and baccarat give skilled players a fighting chance. Online pokies for real money often feature higher RTPs than their physical counterparts, making them a better choice for budget-conscious players.
Poker stands out because skill directly influences outcomes. Unlike slots, where randomness dictates results, poker rewards strategy and psychological insight. Even in luck-based games, selecting variants with lower house edges improves long-term results.
How to Calculate and Compare Casino Odds
The way a game is played and the prizes it offers are what determine its odds. The RTP is shown on slots, but it is not as easy to get this info for table games. In craps, there are many bets and the house edge for each one is between 1.4% and 16.67%.
Online pokies that have no deposit requirements allow players to test different games and spot the highest RTP ones. Progressive jackpots are often part of Canadian slots for real money, yet they lower the base-game wins. Make sure to look at the game rules and paytable details before you start playing.
See: Meta’s AI-Powered Metaverse to Kickstart New Era in Gaming?
Being disciplined plays a greater role in understanding odds than just having a good grasp of maths. Choosing which games to play and setting boundaries makes gaming more enjoyable. Knowledge is useful for you, no matter if you like fast action or planning your moves.
The experience of playing at a casino should always be fun and not cause stress. Playing games that give you an edge allows you to stay at the tables for longer and have more fun. The main point is? Always play with strategy, not only on luck.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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U.S. Tax Bill Could Drive Capital Back to Canada
Taxes and Investing | June 4, 2025
Image: Freepik/gstudioimagen1
Trump’s Dividend Tax Hike Could Move Billions Out of U.S. Markets
U.S. President Donald Trump has progressed the "Big, Beautiful Bill", which recently passed the House and is now in front of the Senate, spanning over 1,000 pages about economic deregulation, tax restructuring, and retaliatory trade measures for certain countries including Canada. Among its most controversial elements is Section 899.
If enacted, the U.S. withholding tax rate on dividends paid to Canadian investors could increase from the current 15% to as high as 50%, which would affect retail as well as institutional investors like the Canada Pension Plan (CPP).
See: Trump’s Tariffs: Impact on Fintech and Canada’s Digital Tax
Tensions are rising over Canada's digital service taxes, and retaliatory U.S. trade policies including tariffs, and bill if implemented could inadvertently boost investment back into Canadian companies and markets.
Would Cross-border Taxes Be A Losing Equation?
Under the Canada-U.S. Tax Treaty, Canadians currently pay a 15% withholding tax on dividends from U.S. stocks. Section 899 proposes a 5% annual increase up to 50%, starting in 2026. While investors can claim foreign tax credits in Canada, the higher upfront U.S. withholding tax would significantly reduce net income from U.S. dividend paying investments.
Although exact rates vary by province and income level, the combined tax on eligible Canadian dividends for higher income earners is generally lower than the proposed 50% U.S. withholding (consult your accountant). This tax gap would force investors to rethink the risks and adjusted value of investing in U.S. dividend exposure.
See: Fintech Fridays EP63: From Angel Investor to Change-Maker: Investing with Impact
The tax drag from a 50% U.S. withholding rate would leave just 50 cents on the dollar before any Canadian tax credits or additional taxation is applied. Compare and contrast this potential reality with a Canadian dividend that would be taxed at an effective rate of around 39% or less would generate more net income for the investor. The result may be a growing appeal to invest capital back into Canadian equities after many years of continual decline.
Impact on Pensions and Funds
Canadian pension funds manage more than $3 trillion in assets. CPP Investments alone had $632.3 billion in assets as of March 2024, with only 11.7% invested in Canada (See: CPP Annual Report 2024). The Ontario Teachers’ Pension Plan (OTPP), managing over $266 billion, had 33% allocated to U.S. markets (See: OTPP Annual Report). So, if U.S. withholding rates rise, institutional portfolios will likely need to be rebalanced and optimized given that higher taxes would reduce net yields.
There's also a policy push for pensions to invest more domestically. In December 2024, the federal government appointed former Bank of Canada Governor Stephen Poloz to lead a review on increasing pension investment in Canada. The Fall Economic Statement mentioned the need to align institutional capital with domestic productivity and infrastructure priorities.
See: Why Ontario Limited Partnerships Are Ideal for Private Funds
If more institutional capital is newly diverted into Canadian assets, it will benefit not just large scale infrastructure projects but fintech, innovation, AI, blockchain, and green finance sectors, to name a few.
Outlook
Trump’s 'Big, Beautiful Bill' could have significant unintended consequences for Canada that encourages investors to prioritize Canadian opportunities for tax efficiency and building national economic resilience. There's no need to panic but you should speak with your investment and tax advisors now to evaluate the potential impact and prepare to rebalance your U.S. cross-border investments.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Russia’s State Bank Launches Bitcoin-Linked Bond
Crypto | June 2 ,2025
Image: Freepik/bearfotos
Sberbank’s New Bond Offers Ruble-based Bitcoin Exposure to Approved Investors Inside Russia
On June 2, 2025, as reported by Coindesk, Sberbank, Russia’s largest and majority state-owned bank, quietly launched a structured bond tied to the performance of Bitcoin and the US dollar against the ruble. The bond is the first financial product of its kind in Russia to offer legal, state-backed exposure to cryptocurrency without requiring investors to hold or trade Bitcoin directly.
See: Russia Pivot’s on Crypto as BRICS Momentum Builds
The bond is only accessible by qualified investors in Russia and is offered over the counter. It's designed to deliver returns (1) if Bitcoin rises in value, or (2) if the US dollar gains strength against the ruble. In doing so, investors can potentially receive higher yields than standard fixed income products within Russia's domestic financial system.
Russia's Approach to Digital Assets
The bond is the first major financial product under new Bank of Russia rules that allow crypto-linked investments for qualified investors. For years Russia maintained a strict stance against cryptocurrencies, banning most forms of trading and prohibiting retail access to digital assets. Even after the rule change, everyday investors are not allowed to buy or sell digital assets through local exchanges or banks.
Will Sberbank's new bond change the landscape? Well it shows that Russia is willing to allow certain investors crypto exposure but only if it can fully control participation and on its own terms. Since the bond's settlement is in rubles and all transactions are managed/controlled by a government-backed institution, Russia can offer these types of investment options without stressing capital controls or monetary policy.
See: Strategy Buys More BTC as Canadian Crypto ETFs Grow
Sberbank also announced that it plans to list crypto-linked instruments on the Moscow Exchange. A Bitcoin futures product is expected to go live through its SberInvestments platform on June 4, 2025. These moves are all part of a broader push to establish legal, regulated channels for digital asset exposure inside the Russian economy.
Limited Access, Uncertain Demand
As of today, there is no official data on the uptake or demand of the new bond issuance. Given that the product is new and restricted to accredited investors, detailed information may not be released until trading volumes develop. While the bond's dual exposure to Bitcoin price movements and to the USD/RUB forex rate, introduces volatility but institutional investors are looking for returns beyond traditional instruments, and the new bond option arrives at time when crypto adoption and exposure continues to grow globally.
Why This Bond Matters
Prior to now, most Russian investors looking for crypto exposure have relied on offshore accounts, informal P2P markets, or restricted access to foreign exchanges. All of these pathways come with geopolitical, legal and financial risks and challenges. Western sanctions, domestic regulations, and banking restrictions make cross-border crypto activity increasingly difficult.
See: SEC Clears Crypto Staking. What It Means for Canada
Sberbank’s bond changes the equation. For the first time, investors can gain access to Bitcoin-based returns through a compliant, state backed product inside the Russian system. No private wallets are needed. No foreign currency leaves the country. The bond is fully backed by a government aligned financial institution and built to comply with Russian regulations. Sberbank’s bond may become a model for how other emerging markets experiment with digital assets while retaining full oversight and domestic control.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Strategy Buys More BTC as Canadian Crypto ETFs Grow
Bitcoin | May 27, 2025
Image: Freepik
Strategy Acquires 4,020 New Bitcoin as Canadian Crypto ETFs Gain Strength
On May 26, 2025 via press release, billionaire Michael Saylor's company, now rebranded as Strategy, announced the acquisition of an additional 4,020 Bitcoins between May 19 and May 25 for the total price of approx $427.1 million, showing growing corporate and institutional demand and confidence in digital assets.
See: National Bank Doubling Down on MicroStrategy’s Bitcoin Boom
This latest purchase brings Strategy's total bitcoin holdings to 580,250 BTC, bought at an average price of $69,979 per coin, and aligns with recent federal policy shifts, including the U.S. governments 2025 creation of a Strategic Bitcoin Reserve.
BTC vs Strategy Performance Comparison
According to Portfolioslab where you can compare returns, Strategy's stock (formerly MSTR) has outperformed Bitcoin over the past year, with a 1 year return of +119.31% versus Bitcoin's +59.13%. However, Bitcoin maintains a higher 10-year annualized return at 84.59% compared to Strategy’s 35.83%. Strategy’s higher volatility and risk metrics reflect its leveraged exposure to Bitcoin.
As of May 27, 2025, the Crypto Fear and Greed Index stands at 74 (Greed), indicating positive investor sentiment and the potential for price corrections if optimism overheats.
AI and Enterprise Innovation
On May 7, 2025, at Strategy World 2025, the company introduced several new AI and data tools aimed at helping businesses manage and use their data more effectively. These included Strategy Mosaic™, which helps companies organize and control data across different platforms like Tableau and Google Sheets, and Auto 2.0, a faster, more intelligent AI engine built to handle both structured and unstructured data through chat-like conversations.
See: What Bitcoin Pizza Day 2025 Still Teaches Us 15 Years Later
Strategy also launched Strategy One Standard Edition, a version of its platform for smaller organizations that want advanced analytics without a large IT setup. Chief Technology Officer Ponna Arumugam said their new AI system is built to learn, adapt, and scale as businesses grow. Full press release here, with livestream access on YouTube.
Canadian Crypto ETFs on the Rise
At the same time, Canadian crypto ETFs are gaining momentum with investors who are seeking regulated exposure to crypto, given global volatility and policy shifts. Canadian-listed ETFs continue to expand, led by the Purpose Bitcoin ETF (BTCC) with C$993.5 million in AUM and the Fidelity Advantage Bitcoin ETF (FBTC) with C$1.257 billion. Investors benefit from secure, regulated access to cryptocurrencies without needing to manage private wallets.
| ETF Name | Ticker | AUM (CAD) | Management Fee | Notes |
| Purpose Bitcoin ETF | BTCC | C$993.5M | 1.5% | First physically settled BTC ETF |
| CI Galaxy Bitcoin ETF | BTCX.B | C$781.9M | 0.4% | Low-fee Bitcoin exposure |
| Fidelity Advantage Bitcoin ETF | FBTC | C$1.257B | 0.4% | Cost-effective BTC ETF |
| 3iQ CoinShares Bitcoin ETF | BTCQ | C$361.6M | 1.0% | BTC price tracking exposure |
| CI Galaxy Ethereum ETF | ETHX.B | C$461.9M | 0.4% | Ethereum exposure |
| Evolve Bitcoin ETF | EBIT | C$254.5M | 0.75% | Uses CME Bitcoin Reference Rate |
| Purpose Ether ETF | ETHH | C$130.7M | 1.0% | Physically settled ETH ETF |
| Purpose Bitcoin Yield ETF | BTCY | C$126.5M | 1.1% | Covered call strategy for BTC |
| Evolve Cryptocurrencies ETF | ETC | C$61.35M | 0.75% | Mixed BTC and ETH exposure |
| 3iQ Ether Staking ETF | ETHQ | C$49.6M | 1.0% | ETH price and staking exposure |
See: GENIUS Act Advances as Bitcoin Hits Record High
Outlook
Strategy's latest addition to it's deepening BTC position, and the growth of Canadian crypto ETFs highlight the fact that crypto is constantly becoming more institutionalized. Canada’s proactive regulatory stance continues to make it a hub for compliant crypto investment products.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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CSA Expands LIFE Exemption to Boost Public Capital Raising
Capital Raising | May 19, 2025
Image: Freepik/rawpixel.com
CSA Expands Capital Raising Options for Listed Issuers, Challenging Traditional Channels
On May 14, 2025, the Canadian Securities Administrators (CSA) announced that listed companies (public issuers) can now up to a maximum of $50 million over 12 months, directly from the public without a prospectus or dealer involved. This allows listed companies to bypass both the exempt and traditional public markets by opening up a new direct-to-retail financing path that will impact how early stage public companies raise funds in Canada.
So as of today, listed companies on Canadian exchanges can use the LIFE exemption (amended within National Instrument 45-106 Prospectus Exemptions) to raise the greater of $25 million or 20% of their market capitalization, up to a maximum of $50 million within a 12-month period. This is an increase of 5 times the previous $10 million cap.
LIFE allows any investor including accredited, institutional and retail now too, to participate in these direct to public offerings, and is the first capital raising exemption in Canada that allows deals that are exempt from prosectus requirements to be made available to the general public by listed companies.
See: CSA’s 2024 Investor Index. What Fintechs Need to Know
Stan Magidson, CSA Chair and Chair and CEO of the Alberta Securities Commission:
“This change reflects our ongoing work to support the Canadian capital markets to make it more efficient and cost-effective for companies to raise capital and grow in Canada. We are committed to a Canadian regulatory environment that is responsive to the changing needs of market participants, while upholding strong investor protections.”
How LIFE Disrupts Traditional Capital Formation
Although the LIFE exemption launched in 2022, the $10 million funding cap restricted its uptake which left most small-cap issuers to continue to rely on private placements or brokered prospectus offerings. The May 2025 expansion now gives public companies in sectors like tech, mining or cleantech, the option to use LIFE as a faster, cheaper alternative to dealer-broker facilitated capital raises.
See: Equity Crowdfunding Breaks Records in Canada
These public companies will no longer be required to go through investment dealer syndicates or use the public exchange order book to issue securities. Instead, LIFE now allows them to offer subscriptions directly to investors with shares becoming freely tradable shortly after issuance.
New Service Model Opportunities
These LIFE exemption changes could trigger the emergence of new service models. Equity crowdfunding platforms like FrontFundr and Equivesto, which traditionally serve private companies, could evolve to support LIFE offerings by listed issuers through digital subscription tools, onboarding workflows, and marketing campaigns.
Legaltech startups are automating regulatory filings, while investor relations and compliance firms are helping issuers engage retail audiences across digital channels. For both investment crowdfunding firms and traditional dealers, the challenge is the same, which is to adapt to a decentralizing capital raising environment or risk losing relevance. Companies that offer retail services, pre-during-post engagement will be well positioned to nurture and capture this emerging deal flow.
Implications for Stakeholders
Public issuers will potentially benefit from faster and cheaper access to capital. Retail investors will now have access to public placements, which were once reserved for investment syndicate insiders. Dealers will face growing pressure to redefine their role. Exchanges will likely see reduced transparency during capital formation cycles. Regulators will need to incorporate more regulatory tech (RegTech) tools to improve oversight as direct to retail exposure grows.
See: How Fintechs Are Unlocking Value in Private Markets 2024
When the original LIFE exemption launched, some investor protection advocates were concerned about unsophisticated investors (aka retail investors) would be at greater risk without dealer due diligence or a prospectus, such as an increase in pump and dump schemes, and price inefficiencies.
Outlook
The expanded LIFE exemption democratizes early stage investment for public issuer but it also removes traditional safeguards (ie., gatekeepers). Whether or not this reform improves market participation or weakens investor confidence will depend on how well stakeholders adapt to their new reality. With numerous of modernized fintech, legaltech, and wealthtech platforms existing today, the future of digital-first public financing (dealer optional) could very well be led by an army of retail investors who have been locked out of high growth placement opportunities for too long.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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DeFi Technologies Begins Nasdaq Trading in Global Expansion
Crypto | May 12, 2025
Image: Freepik/tonodiaz
DeFi Technologies Now Trading on Nasdaq and Cboe Canada
DeFi Technologies Inc. (Nasdaq: DEFT) announced that they officially began trading on the Nasdaq capital markets today May 12, 2025 via press release. This ends its previous listing on OTC markets under symbol DEFTF and its Nasdaq uplisting is a significant upgrade in visibility, credibility, and access to institutional investors. DeFi Technologies will keep its listing active on Cboe Canada (CBOE CA: DEFI) and Börse Frankfurt (GR: R9B). The company did not raise any new capital as part of the listing and held C$61.9 million (US$44.7 million) in cash and digital assets as of April 30, 2025.
See: DeFi Technologies Eyes Nasdaq Listing and Global Expansion
Olivier Roussy Newton, CEO of DeFi Technologies:
“This Nasdaq listing marks a historic moment—not just for DeFi Technologies, but for the broader digital asset industry.”
DeFi Technologies offers equity investors regulated access to decentralized finance through the various platforms it owns or has a majority stake in:
- Valour Inc. is a wholly owned subsidiary of DeFi Technologies, specializing in issuing exchange-traded products (ETPs) that provide investors with exposure to digital assets like Bitcoin and Ethereum.
- Stillman Digital, a digital asset liquidity provider, was acquired by DeFi Technologies in October 2024.
- In March 2025, DeFi Technologies increased its stake in Neuronomics AG to a 52.5% majority shareholder, a Swiss asset management firm specializing in AI quantitative trading strategies.
See: Crypto Enters the Core of Canadian Payments
- DeFi Alpha which is an internal business line of DeFi Technologies, operating a proprietary trading desk focused on low risk arbitrage opportunities across digital asset markets.
Cboe Canada’s Growing Crypto Role
DeFi Technologies will remain listed on Cboe Canada (formally NEO), a Tier 1 Canadian exchange, which now facilitates about 15% of all daily trading volume for Canadian-listed securities and is a key venue for crypto related ETFs. Some recent crypto listings on Cboe Canada include:
- iShares Bitcoin ETF (IBIT) from BlackRock Canada
- Global X Bitcoin Covered Call ETFs (BCCC, BCCL)
- Harvest HBIX and HBTE, focused on monthly income
These funds make it easier for Canadian investors to access digital asset markets through regulated and transparent instruments.
Why It Matters
DeFi Technologies’ dual presence on Nasdaq and Cboe Canada shows that global capital markets are adapting to decentralized finance. The company is allowing mainstream investors a gateway to digital asset exposure at scale.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Will Crypto Lobbying Tokens Change Political Fundraising?
Crypto | April 28, 2025
Image: Freepik/pikisuperstar
Trump's Meme Coin Dinner Contest Raises Questions About Crypto's Role in Political Fundraising
Never a dull moment. Last week, Trump announced a special dinner with the President for the top 220 token holders (see gamified leaderboard) of his $TRUMP meme coin. The event is scheduled to take place May 22, 2025 at the at Trump National Golf Club near Washington, D.C.
See: Memecoins, Regulation, and the SEC’s Changing Strategy
Following the news the token surged more than 50% in value, however the presidential self-promotion has triggered more ethical concerns including calls for impeachment by U.S. Democratic Senator Jon Ossoff who warns that selling access to a sitting president via a crypto contest could constitute 'an impeachable offense'.
Beyond Traditional Donations
Historically, political donations are highly regulated with disclosure rules, donation caps, and transparency requirements but Trump's meme coin crypto model offers anyone who buys his $TRUMP token and holds it during the contest (no political donation required), can get access to a sitting president without any sort of formal tracking or financial reporting.
The Federal Election Commission regulates official campaign fundraising but crypto tokens tied to personal brands or unofficial committees fall outside of their oversight.
The contest fuelled interpretation rumours that a minimum of $300,000 would be required to get on the list, however Trump's meme coin social team clarified on x.com that anyone could join the dinner if they are one of the top 220 token holders. As of April 28, the 220th on the leaderboard is holding about 898 tokens or a value of approx 13k USD. Participants in the contest must register their rankings which are based on time weighted holdings for the duration of the contest period.
See: Trump’s Launch Meme Coins Sparking Crypto Frenzy
The $TRUMP team also clarified that insider held tokens will remain locked for an additional 90 days to avoid concerns of a rug pull where early holders dump tokens after promotional events.
Ethics Storm and Impeachment Threats
Offering personal access to a sitting president in exchange to boost their personal token value has alarmed lawmakers. As reported by Decrypto, Senator Elizabeth Warren and Representative Adam Schiff have called for a federal ethics investigation. Senator Jon Ossoff went further, suggesting that the arrangement could justify impeachment if it is found that Trump broke the rules of how public officials and sitting presidents are supposed to behave.
Why It Matters
President Trump is sidestepping rules of how politicians are meant to act, and at the same time, cryptocurrencies are enabling politicians to raise money directly with fewer rules.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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