在加密货币世界中，模因硬币主要是没有内在价值的笑话。

但是，特朗普一家将总统的模因硬币纳入两个有价值的商品：认真的现金和与总统的机会。

In the crypto world, meme coins are mostly just jokes with no intrinsic value. But the Trump family is parlaying the president's meme coin into two valuable commodities: serious cash and access to the president.

在加密货币世界中，模因硬币主要是没有内在价值的笑话。但是，特朗普一家将总统的模因硬币纳入两个有价值的商品：认真的现金和与总统的机会。

Since the coin was launched earlier this year, it has generated more than $320 million in fees for its creators, according to the blockchain analysis firm Chainalysis. And on Monday, Trump will be promoting a dinner he's set to attend on May 22nd that's open to almost anyone who buys enough of the coins.

根据区块链分析公司的链分析，自今年早些时候推出了硬币以来，它为其创作者产生了超过3.2亿美元的费用。周一，特朗​​普将宣传他将在5月22日参加的晚餐，几乎所有购买足够的硬币的人都开放。

According to the contest's rules, the top 220 holders of the meme coin will get to go to the dinner at Trump's Washington-area golf club. The top 25 holders will also get to attend a reception where they can rub shoulders with Trump beforehand.

根据比赛的规定，模因硬币的前220名持有人将在特朗普的华盛顿地区高尔夫俱乐部参加晚宴。前25名持有人还将参加一个招待会，他们可以事先与特朗普摩擦。

“Let the President know how many $TRUMP coins YOU own!” the meme coin said on its website promoting the dinner.

“让总统知道您拥有多少$特朗普硬币！”模因硬币在其网站上宣传晚餐。

Trading activity in the meme coin jumped after the dinner was first announced and the price rose as well. But the Trumps don't need to sell any coins to make money.

晚餐首次宣布，价格也上涨后，模因硬币的交易活动也跳了。但是特朗普不需要出售任何硬币来赚钱。

How Trump makes money off the meme coin

特朗普如何用模因硬币赚钱

Decentralisation is foundational to cryptocurrency. Bitcoin, the world's most popular crypto, was born in the wake of the 2008 financial crisis as a digital currency meant to be uncontrolled by banks or governments.

权力下放是加密货币的基础。比特币是世界上最受欢迎的加密货币，出生于2008年金融危机之后，是一种数字货币，旨在不受银行或政府的控制。

Trump meme coins can be traded on a decentralised exchange, which is essentially a place where traders can swap goods without a middleman.

特朗普的模因硬币可以通过分散的交易所进行交易，这实际上是交易者可以在没有中间商的情况下交换商品的地方。

Instead of matching buyers and sellers one by one, decentralised exchanges use something called a liquidity pool to ensure trades can happen easily and instantly. Liquidity pools are essentially an automated pot of funds that pair meme coins like $TRUMP with more popular types of crypto that can be easily traded.

分散的交易所没有将买卖双方一一匹配，而是使用所谓的流动性池来确保交易可以轻松，立即发生。流动性池本质上是自动化的资金库，将模因硬币与$ TRUMP这样的模因硬币与更受欢迎的加密货币搭配在一起，很容易被交易。

When the Trump meme coin was first launched, its creators initially released 20% of the planned 1 billion total coins. Half of that 20% was put up for public sale while the other half was put into a liquidity pool. CIC Digital, an affiliate of the Trump Organisation, and another company receive “trading revenue derived from trading activities” of the Trump meme coins, according to its website.

当特朗普模因硬币首次推出时，其创作者最初发布了计划10亿硬币的20％。该20％的一半被放在公开销售中，而另一半被放入流动性池中。根据其网站，特朗普组织的分支机构CIC Digital，另一家公司获得了特朗普模因硬币的“贸易收入”。

Through the liquidity pool, the creators of Trump's meme coins make money by charging tiny fees on each trade.

通过流动性池，特朗普的模因硬币的创建者通过向每次交易收取微小费用来赚钱。

“You don't really care about what happens to the price. You only care that there is continuous volume,” said Nicolai Søndergaard, a research analyst at the blockchain analytics firm Nansen. “Because the more volume there is, that means more trades and therefore more fees for you.”

区块链分析公司Nansen的研究分析师NicolaiSøndergaard说：“您并不真正在乎价格会发生什么。 “因为数量越多，这意味着更多的交易，因此为您收取更多的费用。”

Since cryptocurrency blockchains are public, it's possible to track how much in trading fees has been paid. Chainalysis said Trump meme coin creators made more than $1.3 million in trading fees in the week after the dinner was first announced. The value of the meme coin jumped from about $9 to around $14 just after the announcement. It was trading around $11 on Monday afternoon.

由于加密货币区块链是公开的，因此可以跟踪已经支付了多少交易费用。连锁分析说，在晚餐首次宣布后的一周，特朗普模因硬币创建者在交易费用超过130万美元。宣布后，模因硬币的价值从约9美元跃升至14美元左右。周一下午，它的交易约为11美元。

Trump downplays profits

特朗普淡化了利润

Launched just before he took office, Trump's meme coin has become one of the most high-profile ways the norm-breaking president has mixed politics and his personal finances.

特朗普的模因硬币是在他上任之前发射的，已成为规范总统政治和他的个人理财的最引人注目的方式之一。

The remaining 80% of Trump's meme coins, which are still under a lock-up, have been allocated to CIC Digital and another company. An ethics agreement prohibits Trump from “day-to-day” decision making at the Trump Organisation when he's president and limits the financial information about the business that can be shared with him.

剩下的80％的特朗普模因硬币仍处于锁定状态，已分配给CIC Digital和另一家公司。一项道德协议禁止特朗普在特朗普组织的总统时“日常”决策，并限制了可以与他共享的有关业务的财务信息。

During an interview with NBC's Meet the Press over the weekend, Trump said he didn't follow the price swings of his meme coin and dismissed the idea that he was profiting from the presidency. He also rejected a suggestion that he would forgo any profits made from his crypto endeavours.

特朗普在周末接受NBC的会议媒体采访时说，他没有遵循自己的模因硬币的价格波动，而是驳回了他从总统职位中获利的想法。他还拒绝了一个建议，即他将放弃从他的加密货币努力中获得的任何利润。

“Should I contribute all of my real estate that I've owned for many years if it goes up a little bit because I'm president and doing a good job? I don't think so,” Trump said.

特朗普说：“如果我是总统并做好工作，我应该贡献我多年来拥有多年的所有房地产吗？”

Heavy promotion

大量晋升

The team behind Trump's meme coins has been aggressively trying to promote the chance to eat with the president.

特朗普的模因硬币背后的团队一直在积极地试图促进与总统用餐的机会。

“Good News! President Trump is allowing one more person to attend Dinner with Trump,” the meme coin's official account on X said last week, encouraging people to reply with memes featuring Trump. “Our favourite $TRUMP memes will be shown to President Trump and we will pick 1 person who gets to come to the dinner on May 22nd!”

“好消息！特朗普总统允许另一个人与特朗普一起参加晚餐。” Mem Coin上周在X上说的官方帐户上周说，鼓励人们回答特朗普的模因。 “我们最喜欢的$特朗普模因将被向特朗普总统展示，我们将挑选一名在5月22日参加晚餐的人！”

The creators have also tried to up the ante by offering $100,000 Trump-themed watches to the top four holders of Trump's meme coins.

创作者还试图通过向特朗普的模因硬币的前四名持有人提供100,000美元的特朗普主题手表来提高赌注。

On Monday night, Trump is hosting a “Crypto & AI Innovators Dinner” fundraiser sponsored by his Maga, Inc. super PAC at his golf club outside Washington.

周一晚上，特朗普将举办由他的Maga，Inc。在华盛顿郊外的高尔夫俱乐部赞助的“加密和AI Innovators晚餐”筹款活动。