唐納德·特朗普（Donald Trump Memecoin

週三，官方唐納德·特朗普（Donald Trump Memecoin）官方背後的團隊在宣佈在接下來的幾週內持有加密貨幣幣最多的投資者將邀請美國總統參加的盛大晚宴。

The team behind the official Donald Trump memecoin sparked a trading frenzy on Wednesday after announcing that the investors who held the largest amount of the crypto coin in the coming weeks would be invited to a gala dinner attended by the US president.

唐納德·特朗普（Donald Trump Memecoin）官方官員的背後團隊在周三宣佈在未來幾週內持有加密貨幣幣最多的投資者在周三引發了交易狂潮。

"At this intimate private dinner, hear first-hand president Trump talk about the future of crypto [sic],” reads the listing on the TRUMP coin website. “The most exclusive invitation in the world. Only for the top 220 $TRUMP meme coin holders.” The dinner is set to take place on May 22.

“在這次親密的私人晚餐中，聽到特朗普的第一手總統談論加密貨幣的未來，”特朗普硬幣網站上的上市寫道。 “世界上最獨特的邀請。僅適用於前220美元的特朗普模因硬幣持有者。”晚餐定於5月22日舉行。

Traders rushed to buy up the TRUMP coin, some trying to bump themselves onto the invite list and others simply hoping to profit, according to analysis by blockchain analytics firm Nansen. Within an hour, its price had surged by almost 60 percent.

根據區塊鏈分析公司Nansen的分析，交易者急於購買特朗普硬幣，有些人試圖將自己列入邀請列表，而另一些人則只是希望獲利。在一個小時內，其價格上漲了近60％。

However, for the two organizations who own 80 percent of the coin’s total supply—CIC Digital LLC and Fight Fight Fight LLC, offshoots of a conglomerate owned by Trump—the market price was a secondary concern. In the immediate term, those firms profit primarily based on how frequently people trade it.

但是，對於擁有硬幣總供應量80％的兩個組織（CIC Digital LLC和Fight Fight Fight LLC），特朗普擁有的集團的分支 - 市場價格是次要問題。在不久的將來，這些公司主要是基於人們交易的頻率而獲利。

When Trump announced his memecoin in January, the two organizations funneled 10 percent of the total supply into a so-called liquidity pool, the purpose of which is to ensure that the asset can be traded freely. In return for supplying liquidity and promising to buy and sell the coin as trades come in—known as market making—the Trump-affilitated organizations command a fee. That fee ranges from 0.1 to 10 percent of each trade depending on the present level of demand. Think of it like surge pricing on a ride-hailing app.

當特朗普在一月份宣布他的成員時，兩個組織將總供應量的10％匯入了所謂的流動性池中，其目的是確保可以自由交易資產。作為供應流動性並承諾在交易進來（眾所周知市場營銷）的回報中，特朗普研究的組織徵收了費用。根據目前的需求水平，該費用範圍從每次交易的0.1到10％不等。可以將其視為在乘車應用程序上的高潮定價。

“If you have a coin and you control the market making and the fees generated, what you care about is volume and price movement, not price itself,” says Nathan van der Heyden, head of business development at crypto company Aragon.

Crypto Company Aragon業務發展主管Nathan van der Heyden說：“如果您有硬幣，並且控制了市場的市場和費用，那麼您關心的是數量和價格變動，而不是價格本身。”

Previously, Trump-affilitated entities have reportedly earned tens of millions of dollars in trading fees in connection with the TRUMP coin. In the 24 hours following the dinner announcement, $1.6 million in fees were collected by contributors to the TRUMP liquidity pool on Meteora, the exchange through which the token was originally launched. Most of that money will have accrued to CIC Digital and Fight Fight Fight as the largest contributors to the pool, based on previous reports.

據報導，據報導，與特朗普硬幣有關的交易費用據報導已獲得了數千萬美元的交易費用。晚餐宣布後的24小時內，特朗普流動性池的貢獻者收取了160萬美元的費用，這是Meteora的貢獻，這是代幣最初推出的交易所。根據先前的報導，大多數錢都會累積到CIC數字和戰鬥戰鬥中，這是對游泳池的最大貢獻者。

On paper, the Trump-affilitated organizations also stand to gain by any appreciation in the price of TRUMP, as they are by far the largest holders. But in practice, they are prevented from selling their stash of coins, partly by a mechanism that limits access to their holdings for a three-year period, and partly by the prospect of a backlash resulting from the inevitable drop in price caused by any large sales.

從表面上看，特朗普研究的組織也將以特朗普的價格獲得任何讚賞，因為他們是迄今為止最大的持有人。但是實際上，他們被阻止出售硬幣的藏匿處，部分是由於一種機制限制了三年內獲得其持股的機制，部分原因是由於任何大型銷售造成的價格下跌而導致了反彈。

“The optics of profiting from selling your own coin are terrible, while profiting from the market making is opaque enough to protect your reputation,” says van der Heyden.

范德·海登（Van der Heyden）說：“從出售自己的硬幣中獲利的光學算法很糟糕，而從市場上獲利的是足以保護您的聲譽。”