World Liberty Financial (WLFI) to Airdrop USD1 Stablecoin to Early Holders as a Test of Its Airdrop System

World Liberty Financial (WLFI), a crypto platform backed by the Trump family, is planning to airdrop a small amount of its new US dollar-pegged stablecoin

World Liberty Financial (WLFI), a crypto platform backed by the Trump family, is planning to airdrop a small amount of its new US dollar-pegged stablecoin as a test of its airdrop system.

The company's proposal has already gained massive support, with nearly all tokens voting in favor of the measure.

What Happened: In its official X account, WLFI announced that a Snapshot vote is live to airdrop $1 to all eligible WLFI holders.

“WLF fam — it’s time. A new Snapshot vote is live to airdrop $1 to all eligible WLFI holders. Free $1. The hottest stablecoin in crypto. Don’t miss your chance — vote now,” the company said.

With more than 99% of votes in favor, the airdrop will distribute a small amount of USD1 stablecoin to eligible WLFI token holders, as outlined in the May 6 proposal on the WLFI governance forum.

Testing the airdrop mechanism in a live setting is crucial to ensure smart contract functionality and readiness, and this distribution also serves as a meaningful way to thank the earliest supporters and introduce them to USD1, the proposal stated.

The amount of USD1 will be determined based on the total eligible wallets and budget, and the date for the airdrop is pending.

However, WLFI reserves “the right to discontinue, suspend, modify or terminate the test airdrop at any time.”

Voting will conclude on May 14. So far, support for the measure is overwhelming, with approximately 2.6 billion tokens, representing 99.97%, cast in favor, while just 901,000 tokens, or 0.03%, have been used to vote against it.

The company partnered with HTX Global and ListaDAO

On May 5, WLFI reported that the USD1 sellable was launched officially on HTX Global. The company noted token trading would be made available on May 6, and the withdrawals would be permitted as of May 7.

Besides working with HTX Global, WLFI announced that it has teamed up with ListaDAO to merge USD1 into its system.

ListaDAO even recently confirmed that the USD1 Vault is already live, and the USD1/lisUSD liquidity pool and USD1 as CDP collateral will launch shortly. It even announced that it would have more integrations with WLFI in time.

So far, all of WLFI’s collaborations appear to align with its stated goals of ensuring compliance, promoting transparency, and increasing the token’s visibility.

Eric Trump, the US president’s son, and co-founder Zach Witkoff have consistently maintained that they aim for USD1 to be the most compliant, transparent, and trustworthy stablecoin.

According to Eric, facilitating the development of transparent stablecoins such as USD1 might contribute to the internationalization of the US dollar.

"We're focused on making sure that we're doing things in a compliant manner. We want to make sure that we're being transparent with our community and that we're engaging with them throughout this process. And finally, we're focused on increasing the visibility of USD1 in the crypto ecosystem," a spokesperson for World Financial Union stated.

The company's efforts to integrate its stablecoin into the crypto ecosystem are ongoing, and the upcoming launch of the token on HTX Global marks a significant step forward in this direction.

As the company continues to expand its operations and seek out new opportunities for growth, it remains committed to developing innovative solutions that meet the evolving needs of the crypto community.

The company's actions will be closely watched by the industry as it navigates the complexities of the crypto landscape and seeks to establish its stablecoin as a leading player in the market.

See More: Best Stablecoin Wallets

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