The news content discusses Donald Trump's involvement with the World Liberty Financial (WLFI) cryptocurrency project, highlighting concerns about the project's legitimacy and the involvement of fraudsters and individuals from failed projects. The protocol of WLFI is based on Aave, with similarities to Dough Finance. The WLFI governance token is expected to be non-transferable, with 70% of the supply reserved for project insiders, raising concerns about decentralization. The team includes individuals from Dough Finance, some with questionable backgrounds, as well as advisors and friends of Trump. The project aims to disrupt the US financial system, with Trump endorsing it and licensing his image for NFT projects. Despite the involvement of lawyers and advisors, there are uncertainties about the project's legal process and structure. The team claims the platform will be user-friendly and focused on liquidity, accessibility, and generating yields on stablecoins. The token sale will have a KYC process and limits on investment for US investors.
Wintermute to launch predictions market called OutcomeMarket, beginning with TRUMP and HARRIS tokens