The Trump family-adjacent decentralized finance (DeFi) undertaking World Liberty Monetary (WLFI) has proposed a stablecoin airdrop.
Final month, the DeFi undertaking announced plans to launch a brand new stablecoin known as USD1, which it says is pegged to the US greenback and backed by short-term authorities treasuries, greenback deposits and money equivalents.
Now, World Liberty desires to check its on-chain airdrop characteristic by distributing a small quantity of USD1 to all present WLFI token holders. In a new proposal, the undertaking says the ultimate precise quantity can be based mostly “on complete eligible wallets and funds.”
Explains World Liberty,
“Testing the airdrop mechanism in a stay setting is a essential step to make sure good contract performance and readiness. This distribution additionally serves as a significant technique to thank our earliest supporters and introduce them to USD1.”
World Liberty notes within the nice print on its web site that President Donald Trump shouldn’t be an officer, director, founder, or worker of the agency or any of its associates, however the firm does title the president because the “Chief Crypto Advocate.”
World Liberty’s web site additionally states that DT Marks DEFI LLC, an entity affiliated with Trump and a few of his relations, holds 22.5 billion WLFI tokens and is entitled to obtain charges from the undertaking.
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