World Liberty Financial (WLFI), a DeFi project with ties to the Trump family, is proposing an airdrop of its new USD1 stablecoin.
Airdrop Details
WLFI plans to distribute a small amount of USD1 to all existing WLFI token holders. The exact amount will depend on the number of eligible wallets and the available budget. The company says this airdrop is a crucial test of its new on-chain airdrop feature and a way to thank early supporters.
USD1 Stablecoin
The USD1 stablecoin, launched last month, is pegged to the US dollar and backed by short-term government treasuries, dollar deposits, and cash equivalents.
Trump Family Connection
While the company clarifies that Donald Trump isn’t formally involved with WLFI, he’s listed as the “Chief Crypto Advocate.” An entity affiliated with Trump and his family holds a significant amount (22.5 billion) of WLFI tokens and is entitled to receive fees from the project.
Disclaimer: This information is for general knowledge only and does not constitute investment advice. Always conduct thorough research before investing in cryptocurrencies.
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