CandleFocus Trump Launches World Liberty Financial on X Spaces, Draws Criticism for Lack of Substance
2024-09-18
Author: Content Editor
Donald Trump has launched his cryptocurrency project, World Liberty Financial (WLF), but has faced criticism from the crypto community for the lack of information provided. The launch event left participants disappointed and provided no substantive details about the platform. However, in a separate interview, the project's team revealed that WLF aims to offer borrowing and lending services for cryptocurrencies on the Ethereum blockchain, similar to existing decentralized finance platforms. They also stated that the sale of the project's governance token, WLFI, will be regulated by the U.S. Securities and Exchange Commission (SEC). There were earlier allegations that insiders would be allocated 70% of the token supply, but the team clarified that most of the tokens will be allocated for an upcoming token sale, with a portion set aside for governance and community growth initiatives.
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