1/ Turns out Donald Trump minted a thousand of his own nfts to his vault wallet
Keeping a giant portion of the most rare nfts in his collection for himself
The 2nd minted nft was a rare 1-of-1, the chances ...
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2/ The vault wallet, a gnosis safe, was created on 2022-12-14. A day before the DT nft launch
On launch day a DT funding wallet sent matic to a DT admin wallet. Which then minted 1k nfts to the gnosis safe: 0xfb65415Ca83B69DA9bC56B4C9C2334fa402baCd7
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3/ That Donald Trump wallet minted 47 of the 179 1/1 and 21 of the 70 autographed nfts. He owns 26% of 1/1s and 28% of autographed
0.40% have a 1/1 trait and only 0.16% have an autograph trait. These are the most rare and valuable nfts in the collection ..
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Here you can see the DT vault wallet holdings on OpenSea[.]com 👇
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AFAIK this was not communicated prior to the launch and each nft doubles as an entry for their sweepstakes
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4/ Looking further we find that all metadata and artwork are centrally stored off-chain. Ppl that have access to the domain/storage can change properties and artwork without being able to verify this on the blockchain
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5/ Been made aware that the site mentions only making 44k nfts available. However, it doesn't mention minting the remaining 1000 to their own wallet and taking 26% of 1-of-1 rares and 28% of autographed rares
They could've simply reserved the remaining 1k
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Extra outline on how they minted the first thousand Donald Trump nfts to the gnosis safe. * buyers had a strict limit of a 100 max nft per purchaser/household.
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6/ The GnosisSafe is also receiving part of the royalties. So far it has received just over $631k usd in $eth
Approx. $24k usd has been wash traded using this collection. And the single biggest loss is -$4,281 on Trump Card #12585
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Coindesk wrote an article about the above and other concerns with this project. Quote and research included
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