唐纳德·特朗普（Donald Trump Memecoin

周三，官方唐纳德·特朗普（Donald Trump Memecoin）官方背后的团队在宣布在接下来的几周内持有加密货币币最多的投资者将邀请美国总统参加的盛大晚宴。

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.

唐纳德·特朗普（Donald Trump Memecoin）官方官员的背后团队在周三宣布在未来几周内持有加密货币币最多的投资者在周三引发了交易狂潮。

"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.

“在这次亲密的私人晚餐中，听到特朗普的第一手总统谈论加密货币的未来，”特朗普硬币网站上的上市写道。 “世界上最独特的邀请。仅适用于前220美元的特朗普模因硬币持有者。”晚餐定于5月22日举行。

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.

根据区块链分析公司Nansen的分析，交易者急于购买特朗普硬币，有些人试图将自己列入邀请列表，而另一些人则只是希望获利。在一个小时内，其价格上涨了近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，对于拥有硬币总供应量80％的两个组织（CIC Digital LLC和Fight Fight Fight LLC），特朗普拥有的集团的分支 - 市场价格是次要问题。在不久的将来，这些公司主要是基于人们交易的频率而获利。

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.

当特朗普在一月份宣布他的成员时，两个组织将总供应量的10％汇入了所谓的流动性池中，其目的是确保可以自由交易资产。作为供应流动性并承诺在交易进来（众所周知市场营销）的回报中，特朗普研究的组织征收了费用。根据目前的需求水平，该费用范围从每次交易的0.1到10％不等。可以将其视为在乘车应用程序上的高潮定价。

“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业务发展主管Nathan van der Heyden说：“如果您有硬币，并且控制了市场的市场和费用，那么您关心的是数量和价格变动，而不是价格本身。”

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.

据报道，据报道，与特朗普硬币有关的交易费用据报道已获得了数千万美元的交易费用。晚餐宣布后的24小时内，特朗普流动性池的贡献者收取了160万美元的费用，这是Meteora的贡献，这是代币最初推出的交易所。根据先前的报道，大多数钱都会累积到CIC数字和战斗战斗中，这是对游泳池的最大贡献者。

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.

从表面上看，特朗普研究的组织也将以特朗普的价格获得任何赞赏，因为他们是迄今为止最大的持有人。但是实际上，他们被阻止出售硬币的藏匿处，部分是由于一种机制限制了三年内获得其持股的机制，部分原因是由于任何大型销售造成的价格下跌而导致了反弹。

“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）说：“从出售自己的硬币中获利的光学算法很糟糕，而从市场上获利的是足以保护您的声誉。”