In recent years, cryptocurrencies have rapidly risen around the world, attracting the attention of countless investors. As the former US President, Donald Trump also seems to have a special liking for cryptocurrencies. Recently, the news that Trump launched a high-yield DeFi platform and released the fourth series of NFTs has attracted widespread attention.
Recently, Trump’s eldest son, Donald Trump Jr., announced that the Trump Group is entering DeFi and is working hard to develop a crypto platform that can compete with the traditional banking system, aiming to challenge the traditional financial system.
Trump publicly supported it and released a short video dubbed by himself, officially announcing to his nearly 100 million fans that the Trump Group's cryptocurrency platform was renamed World Liberty Financial. Trump even said: "They call me the Crypto President, and I believe our project will make the United States the global cryptocurrency capital."
It is reported that the Trump Group's DeFi platform will provide "high-yield" investment opportunities, attracting the attention of many cryptocurrency investors. The platform aims to help users obtain higher returns through cryptocurrency and DeFi (decentralized finance), while circumventing various problems in the traditional financial system. In his speech, Trump mentioned that the American people have long been oppressed by large banks and financial elites, and now is the time to unite and resist this status quo.
At present, the official website of World Liberty Financial has not yet been officially launched, but the information clues indicate that World Liberty Financial is the only crypto DeFi platform supported by Trump. It will connect users with the best tools for secure, high-yield crypto investments in decentralized finance (DeFi), and call on users to join the financial revolution today! In addition, the trademark applied for World Liberty Financial in mid-July shows a connection with DeFi. Alex Golubitsky, the lawyer who submitted the trademark document, confirmed that the trademark is related to Trump's cryptocurrency business.
Although it is still unknown what the Trump family is up to, as early as the beginning of this month, Trump's second son, Eric Trump, the current vice president of the Trump Organization, revealed that the group's new cryptocurrency plan may involve digital real estate. Therefore, some people speculate that this may involve the tokenization of real world assets (RWA), that is, bringing real estate or other physical assets to the blockchain, and possibly using digital real estate as collateral for loans or other cryptocurrency financial services.
In addition to launching the DeFi platform, Trump is also actively deploying the NFT (non-fungible token) market. Recently, Trump launched his fourth series of NFTs, called "America First". This series of NFTs contains 50 different digital cards, each priced at $99. Similar to the previous series, these cards show various images of Trump, including photos of him holding Bitcoin. The launch of these NFTs is not only a further shaping of Trump's personal brand, but also an attempt by him in the field of cryptocurrency.
Buyers of the latest NFTs will enjoy a range of physical experiences. For example, users who buy five cards will receive a pair of Trump-themed gold sneakers, while those who buy 15 cards will receive a physical card of Trump that features part of the suit he wore during the 2024 presidential debate.
Most notably, the first 25 users who purchase 250 digital cards will unlock a high-value package containing 11 benefits, including the opportunity to dine with Trump at his private club. The dinner ticket digital card is engraved on the Bitcoin network and can be used as a unique collectible.
Industry insiders believe that these moves by Trump not only highlight his "obsession" with cryptocurrencies, but are also part of his strategy to attract voters in the 2024 presidential campaign. According to recent polls, he has a 12-point lead in his matchup with Vice President Harris because of his support for cryptocurrencies. This shows that cryptocurrencies have considerable appeal among Trump supporters.
In general, as Trump and his family business deepen their presence in the cryptocurrency field, we may see more innovative financial products and services in the future. This may not only change the behavior of investors, but also have a profound impact on the entire financial market. Of course, Trump's goal is to promote the United States to become the center of global cryptocurrency through these projects and attract more investors to participate.
Against the backdrop of increasingly fierce competition in the global cryptocurrency market, these actions by Trump will undoubtedly bring new opportunities for the development of the US in the cryptocurrency field. However, there are still many uncertainties in the cryptocurrency market, and it will take time to verify whether Trump's cryptocurrency project can succeed. But in any case, Trump's participation will inject new vitality into the cryptocurrency market and promote the rapid development of the industry.
