New Trump’s World Liberty Token

Former President Donald Trump’s latest venture, World Liberty Financial, a decentralized finance (DeFi) platform, has ignited excitement within the crypto community.

Announced via a two-hour livestream on X, the project’s stated goal is to “Make Finance Great Again,” offering borrowing, lending, and investment opportunities in cryptocurrencies. However, the initiative has sparked debate about the intersection of Trump’s political ambitions, his family’s involvement, the nascent world of crypto, and potential ethical and security concerns.

During the Livestream, Trump, flanked by sons Donald Jr. and Eric, along with relatively unknown crypto entrepreneurs Chase Herro and Zachary Folkman, declared, “Crypto is one of those things we have to do. Whether we like it or not, I have to do it.”

World Liberty Financial’s stated aim is to leverage the decentralized nature of DeFi to provide financial services to individuals excluded from traditional banking systems. While details about the platform’s functionalities are scarce, its website features a Solana address: 5EXtQy3vEup67yCVwto9shSJxYvmrs1Jxeao3t6rYwbF, for purchase, and mentions a native token, $WL.

“Our token, $WL, will be used to power the World Liberty Financial ecosystem,” the site states. “The tokens will be used to support micropayments on the Solana Blockchain, as well as the DeFi protocols we will soon announce. $WL will be used as the governance token, specifically for voting purposes.”

The relevance of a governance token is questioned, however, when a draft white paper obtained by CoinDesk shows that 70% of the platform’s governance tokens, will be allocated to the founders, team, and service providers. This contrasts with other major blockchain projects such as Ethereum and Cardano, where insiders held far less at their launches. Ethereum’s insiders, for example, had about 16.6% of ether, while Cardano’s insiders retained 20% of ADA tokens. Interestingly, a white paper detailing the project’s specifics and tokenomics is absent from the website.

However, exploring the provided Solana address in a Solana block explorer reveals the token’s name as “World Liberty,” a fixed supply of 999,985,948.2555808, and a history of recent transactions. This suggests that individuals are already acquiring $WL tokens, indicating early interest in the project.

Mr. Bitcoin Update: $WFLI is a ERC-20 token on Ethereum with the address 0xdA5e1988097297dCdc1f90D4dFE7909e847CBeF6

Went on sale on the official website on October 16, 2024 at $0.015!!!! Value on cryptomarket now is $0.00!!!!