Recently, the popularity of DeFi has returned, and the most eye-catching one is World Liberty Financial (WLFI)! This is a project personally supported by former US President Donald Trump. He and his family jumped directly into the Web3 trend. Today, let's talk about this decentralized financial project that has been pushed to the forefront, and see whether it is a fierce dragon crossing the river or a flash in the pan.
Trump family VS Web3, is it true love or drama?
WLFI is a DeFi project based on Ethereum, claiming to create a one-stop service platform for decentralized finance. Not only that, it also gives token holders governance rights, allowing you to participate in key decision-making.
This time, the entire Trump family is involved:
Donald J. Trump: Personally stands on stage to promote, tweets, and does live broadcasts, gaining significant momentum.
Eric Trump, Donald Trump Jr., and Barron Trump: Directly take on the title of Web3 ambassadors, participate in technical events, meet users, and take it quite seriously.
Plus a professional team behind them, at first glance, it indeed looks impressive, with a full display.
On-chain dynamics: Buy buy buy
From August to October, Trump’s social media accounts posted five updates in a row, promoting WLFI's whitelist and token sales. His slogan was also shouted out directly:
Make America Great Again, this time we achieve it with cryptocurrency!
Moreover, the project team has not been idle; it is said that they have also bought a lot of mainstream coins, such as ETH, LINK, AAVE, etc., seemingly wanting to show everyone through action—We really have confidence in the cryptocurrency market!
Both highlights and pitfalls coexist
Highlights
Family brand effect: The Trump family directly endorses this, and this dual support from politics and media indeed attracts a lot of traffic.
Community governance model: Token holders can participate in voting and proposals, giving a bit of a 'power in hand' feeling.
Compliance: The project directly tells American users 'NO', showing a proud 'I am compliant, I am proud' attitude.
Pitfalls
But on the other hand, how strong is this project's technical capability? There hasn't been much solid evidence seen yet. Many promotional focuses are placed on emotional appeal and political stance. If it’s just riding the wave without hardcore technical support, once the hype fades, it may very well cool down.
Is it an opportunity or just a gimmick?
WLFI indeed has bright spots, especially with the support of the Trump family, attracting a lot of attention. However, doing DeFi is not just about popularity. Whether it can truly rise in the future still depends on their actual performance in technology development and community operations.
In conclusion, whether a meme coin bull market will come is uncertain, but WLFI is definitely an impressive 'show'. As for whether to follow the trend and enter the market, we still need to do more research and be cautious!
What do you think about this project?