Trump disappoints by presenting his cryptocurrency project World Liberty Financial
The presidential candidate presented a new DeFi platform, but investors feel that the information is still unclear.
The project will offer cryptocurrency lending services on the Ethereum network.
Harris' lead over Trump rose after the presentation of the platform. The former president and presidential candidate presented his new cryptocurrency platform on September 16: World Liberty Financial. A project that is run by his sons Donald Trump Jr. and Eric Trump and that apparently generated more disappointment than enthusiasm among investors.
According to the information that was offered to the media and that was shared in a space, during the presentation of the platform not many details were offered and people were left with many doubts, waiting for more information. The disappointment led many to withdraw from the information space, seeing that time was going by talking about DeFi in general, but offering the data that people were looking for.
This fact is highlighted by investor Wayne Vaughan, founder and CEO of blockchain platform Tierion, recounting how an audience of 150,000 people dropped to 45,000 in a short time. “I just spent over two hours listening to the @worldlibertyfi announcement. They never specifically mentioned what the DeFi platform does. They did find time to mention the token distribution parameters,” the investor wrote.
He added that 63% of the non-transferable World Liberty Financial (WLFI) governance tokens, which will support the platform, will be sold to the public (accredited investors in the US). 17% will be for rewards and 20% for founders. The data differs slightly from what has been published in the media. The entire process will be regulated by the US Securities and Exchange Commission (SEC).
