This is an ERC-20 token of Ethereum, if you are totally clear who will win the next elections in the USA, you can simply place a bet using this asset, you must buy trump loses token and wait for December, if you have bought at a good price you will receive as a refund 1 dollar for each token, but if the opposite happens, you know you will lose all your money (of course this is one of the conditions when buying this token).
Can be redeemed as a future token and security.
Maybe it was only created to attract attention and publicize the ftx exchange