The World Liberty Financial team said that voting is necessary to verify the technical functionality of the Airdrop mechanism. The vote should end on May 14, but the initiative has already received the support of an overwhelming number of participants. The proposal was approved by 99.97% of those who have the right to vote, the owners of 2.6 billion tokens. Against, 0.03% of users with 958,400 tokens were voted.
The USD1 distribution is not yet planned, however, the World Liberty Financial warned that the Airdrop rules can be amended, or it can be canceled at any time at the discretion of the platform.
The WLFI site positions USD1 as a stablecoin, provided with short -term treasury bonds of the United States, cash and money equivalent. The casteic service of the BitGO is assembled to control the reserves that provide Stablecoin USD1.
The USD1 token was secretly deployed on the BNB Chain network in early March. On March 25, the World Liberty Financial officially announced the launch, saying that at first the token will be available in the blockchains of the Ethereum and Binance Smart Chain.
The launch of Stablecoin was criticized by a participant in the US Country Committee on the House of Representatives of the United States, Maxine Waters. She fears that through USD1 the Trump family can make unlimited profits, hindering the efforts of Congress in improving the rules for regulating cryptocurrencies.
Source: Bits
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