US presidential candidate Donald Trump believes that cryptocurrency will help him return America to its former greatness. The politician decided to act through World Liberty Financial (WLFI) – DeFi crypto project
The fact that WLFI is the secret to the successful deployment of a campaign to return America to its former greatness Trump said on his page on X (formerly Twitter). Members of the crypto community believe that in fact the project is just another scam.
What is World Liberty Financial
World Liberty Financial (WLFI) is a decentralized finance (DeFi) crypto project on Ethereum that launched on September 16, 2024. With its help, the politician plans to combat the inequality of Americans’ access to banking instruments. Presumably, a landing service will be launched on the basis of World Liberty Financial. It will be managed by Trump’s son, Barron Trump. The ex-president himself actively supports the project.
World Liberty Financial has a native token – WLFI. It will give its owners access to voting. At the same time, WLFI holders will not be able to freely buy and sell tokens.
Unfortunately for Trump, his son’s crypto initiative left the crypto community indifferent. Representatives of the crypto industry draw attention to the secondary ideas of World Liberty Financial and the unwillingness of the project team to disclose its details. The lack of excitement did not force representatives of World Liberty Financial to stop work on the project. Including, Trump himself did not renounce him.
Trump’s promises about World Liberty Financial
The idea of creating a crypto project associated with a politician seems logical, since as part of his election campaign, the presidential candidate relied on the crypto community. The growing weight of votes from representatives of the crypto industry forced Trump to initiate a fight for the hearts of cryptans.
The politician has already voiced many promises, including the transformation of the United States into a crypto capital. In his new tweet, Trump clarified that he will use World Liberty Financial to achieve the goal.
Source: x.com/realDonaldTrump
Mixed reaction
Members of the crypto community had mixed reactions to Trump’s statement that it was his son’s crypto project that would help make America great again. In the comments under the post the politician can be found angry commentsthe authors of which claim that the ex-president uses his resources to promote scam. In their opinion, World Liberty Financial is nothing more than a tool for enriching the Trump family.
Many doubted is that Trump sincerely supports the crypto community. Politics remembered his negative statements about crypto, due to which he was previously regularly included in lists of opponents of the development of the crypto industry. According to criticsthe only right decision for the ex-president could be to support Bitcoin. Bet on a dubious DeFi project, confident cryptanscan become a bright page in the history of crypto scams.
Netizens inspired by Trump’s post found themselves in the minority. In their opinion, World Liberty Financial will really help the politician improve the country’s economy.
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Source: Cryptocurrency
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