Trump promotes "The DeFiant Ones" crypto platform, signaling his shift towards decentralized finance amid his campaign.
"The DeFiant Ones" Telegram channel gains traction, reflecting the growing interest in Trump’s latest crypto venture.
The Trump family aims to disrupt traditional finance with their new DeFi platform, focusing on equitable access to digital assets.
Donald Trump has ventured into cryptocurrencies with great passion, endorsing the soon-to-be-released cryptocurrency platform "The DeFiant Ones." The proposal was presented to the former president's 7.5 million followers on Truth Social on Thursday. His post, which indicated a change in his attitude toward digital finance, stressed the need to take a position against the large banks and the financial elites.
https://twitter.com/WatcherGuru/status/1826646852655329284 Growing Momentum and Public Interest
Besides the announcement, Trump’s eldest son, Donald Trump Jr., immediately amplified the message. He shared the news with his 12 million X followers, further fueling excitement.
Consequently, the linked Telegram channel, also named "The DeFiant Ones," gained rapid traction, attracting around 29,000 followers by Thursday morning. Moreover, this surge reflects growing interest in the Trump Organization’s latest venture.
https://twitter.com/DonaldJTrumpJr/status/1824134095053414619
The platform’s Telegram group, according to an August 15 post, is the only official channel for the Trump DeFi project. The group aims to build "the future of finance," a clear indicator of the family’s ambitious plans. Furthermore, Trump’s sons, Eric and Donald Jr., have been consistently teasing this project, with Eric calling it “digital real estate” in a recent interview with The New York Post.
A Strategic Move in the Presidential Race
Significantly, the Trump family has stated that this project is not a memecoin but a full-fledged crypto platform. It is designed to rival the traditional banking system, tapping into the decentralized finance (DeFi) movement.
Additionally, Eric Trump highlighted the equitable nature of the platform, noting that anyone can access collateral instantly. This approach, he suggests, could disrupt the conventional financial sector.
The timing of this launch coincides with Trump’s efforts to regain momentum in his presidential campaign. Therefore, the project has the potential to not only disrupt financial conventions but also enhance Trump's reputation as a pro-crypto candidate.
His recent actions in cryptocurrency—such as the introduction of NFTs and the acceptance of donations in cryptocurrency—represent a substantial shift from his earlier anti-crypto position.
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