CandleFocus Trump's Crypto Gambit: What We Know About Today's Launch of World Liberty Financial
2024-09-16
Author: Content Editor
Former US president and Republican nominee Donald Trump is set to launch a new crypto company called World Liberty Financial. Trump will livestream details of the blockchain app on X (formerly Twitter) in an effort to make decentralised finance accessible to the masses. World Liberty Financial's white paper describes the platform as a way of putting the power of finance back in the hands of the people and includes Trump family members, traditional financial figures, and blockchain industry leaders. The project has faced controversy, with hackers compromising X accounts belonging to members of the Trump family and leaking details of the project's leadership team, causing concern among some supporters. The white paper also suggests that the project will eventually introduce a governance token called WLFI, with an unusually large 70% of tokens reserved for the project's team and developers. Despite claims that the platform has no political affiliation, some supporters within the crypto industry worry about potential repercussions.
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