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Donald Trump's Crypto Coin Has a Massive Difference From Bitcoin
Published Oct 14, 2024 at 3:15 PM EDT
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By Suzanne Blake
Reporter, Consumer & Social Trends
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Former president and Republican frontrunner Donald Trump is launching a crypto coin tomorrow, but the cryptocurrency is significantly different from many others in the crypto market.
Trump will be offering a token for World Liberty Financial (WLFI), which is a decentralized finance platform.
The waitlist opens tomorrow at 8 a.m. ET in what Trump has pledged to be his first step to "make America the crypto capital of the world."
"I promised to Make America Great Again, this time with crypto," Trump wrote on X last month. "@WorldLibertyFi is planning to help make America the crypto capital of the world! The whitelist for eligible persons is officially openâthis is your chance to be part of this historic moment."
WLFI works as a money market for people to borrow, lend and earn interest on their cryptocurrencies. In the process, the platform has removed financial intermediaries for users.
Users will also be able to get a token that ensures they have voting rights over WLFI.
"This is more than just a financial venture," Ryan Waite, a political marketing expert and the VP of Public Affairs at Think Big, told Newsweek.
"It partially represents a larger political statement aimed at rallying supporters to engage with the Trump movement while participating in the emerging decentralized finance (DeFi) space. The WLF token is being promoted as an opportunity for supporters to 'shape the future of finance,' emphasizing financial autonomy and conservative values."
