According to reports from The Block and CNBC, the token has yet to launch, but its structure and distribution plans have already been presented to the public.
WLFI tokens are non-transferable managed tokens, giving their holders the ability to participate in shaping solutions on the platform, but they cannot be bought or sold at will; Zach Folkman, co-founder of Dough Finance, said 63 percent of the total will be available for public purchase, 17 17 percent will be used to reward users, and the remaining 20 percent will be reserved for the founding team, including Trump and his family.
During the event, Donald Trump Jr. stressed that the mission of the project is to disrupt traditional finance by introducing #DeFi (decentralized finance) solutions to the masses. This is the beginning of a financial revolution, Trump Jr. said, according to The Block.
DeFi allows users to lend and profit from stablecoins such as #USDC and #USDT through a decentralized platform, potentially offering higher returns than traditional financial products. Analysts believe that the #cryptocurrency lending market could revive if returns on stable coins exceed 5%, which is higher than the returns offered by money market funds in the U. S. , notes The Block.
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