The family of US President Donald Trump launches a new business venture in the field of cryptocurrencies, with the presentation of WLFI Token via World Liberty Financial. According to a report by the Wall Street Journal, the drawing is described by themselves as a form of “Infinite Money Glitch”, that is, an investment with theoretically unlimited profit capabilities – an image that analysts characterize misleading. The strategy is reminiscent of the Microstrategy (now strategy) model, which has accumulated huge quantities of bitcoin by issuing shares and debt. However, WLFI is essentially different: it is not linked to Bitcoin or other recognized cryptocurrencies, nor does it offer equity or profit participation. Its value is based solely on the confidence that Trump’s supporters will show. The project is funded through the listed company Alt5 Sigma, which raised $ 1.5 billion to buy WLFi Tokens. In this way, the shares of ALT5 act as a proxy for token itself. Eric Trump […]
Source: News Beast
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