XRP News Today: Truth Social Introduces Gems Reward System Linked to Future Utility Token

Truth Social, the social media platform founded by former U.S. President Donald Trump, has introduced a new feature called "gems" that are potentially linked to a utility token. This development was announced on July 10 through a post from the platform’s official account. Users participating in the beta release of Truth+, a subscription video service known as the Patriot Package, will begin accumulating these digital rewards based on their activity on the platform.

The announcement stated that these gems are expected to be tied to a future utility token that will be integrated across both Truth Social and the streaming platform Truth+. The Patriot Package trial includes several benefits for users, such as a red verification badge, boosted comments, and expanded access to streaming content. The platform is also collecting user feedback through a poll focused on the visual design of the new rewards system.

However, the company has not disclosed further details on the utility token’s issuance or function, nor whether it will involve public blockchain infrastructure. This reference to a dual-platform token feature marks the first public indication of possible token integration by Trump Media & Technology Group. Truth Social trades under the ticker $DJT following a recent public listing, but no timeline has been given for a full rollout of the gem or token system.

In a related development, Trump Media & Technology Group has filed an S-1 registration statement with the U.S. Securities and Exchange Commission for a “Blue Chip Crypto ETF.” The proposed fund would include Bitcoin, Ethereum, Solana, XRP, and Cronos, with a portfolio weighting of 70% BTC, 15% ETH, 8% SOL, 5% CRO, and 2% XRP. The filing states that the ETF will operate as a passive fund without leverage or derivatives and will offer staking for certain assets. The product is sponsored by Yorkville America Digital, with Foris DAX Trust Company named as custodian and Crypto.com appointed as exclusive Bitcoin custodian and liquidity provider. The ETF will list on NYSE Arca upon approval, though no ticker has been announced.

Some platforms have explored token rewards for creators or audience participation, but regulatory clarity around these assets remains uneven. If fully developed, Truth Social’s token system could mirror past efforts by social apps to create internal economies tied to user actions. The company has not confirmed if the token will be transferable or listed on public exchanges. The Patriot Package is a subscription service offering streaming content, red verification, and boosted comment features for beta testers. The proposed ETF covers five cryptocurrencies: Bitcoin, Ethereum, Solana, XRP, and Cronos, with a majority allocation to BTC.