The Trump family-adjacent decentralized finance (DeFi) mission World Liberty Monetary (WLFI) has proposed a stablecoin airdrop.
Final month, the DeFi mission introduced plans to launch a brand new stablecoin known as USD1, which it says is pegged to the US greenback and backed by short-term authorities treasuries, greenback deposits and money equivalents.
Now, World Liberty needs to check its on-chain airdrop characteristic by distributing a small quantity of USD1 to all present WLFI token holders. In a brand new proposal, the mission says the ultimate actual quantity might be based mostly “on complete eligible wallets and funds.”
Explains World Liberty,
“Testing the airdrop mechanism in a dwell setting is a vital step to make sure sensible contract performance and readiness. This distribution additionally serves as a significant solution to thank our earliest supporters and introduce them to USD1.”
World Liberty notes within the wonderful print on its web site that President Donald Trump is just not an officer, director, founder, or worker of the agency or any of its associates, however the firm does identify the president because the “Chief Crypto Advocate.”
World Liberty’s web site additionally states that DT Marks DEFI LLC, an entity affiliated with Trump and a few of his relations, holds 22.5 billion WLFI tokens and is entitled to obtain charges from the mission.
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