Trump-Backed Crypto Project Opens Vote on USD1 Stablecoin Airdrop

World Liberty Financial (WLFI) — the crypto project linked to former U.S. President Donald Trump — has launched a snapshot vote on a proposed USD1

World Liberty Financial (WLFI), the crypto project co-founded by former U.S. President Donald Trump, has opened a snapshot vote on a proposed USD1 stablecoin airdrop to its current token holders.

The vote, which began on May 10 and will remain open until May 14, seeks approval to distribute a small amount of USD1 to all wallets that held WLFI tokens at a specific snapshot. The airdrop would serve as a test run of the smart contract system powering the distribution mechanism on the Ethereum mainnet.

Testing the airdrop mechanism in a live setting is a necessary step to ensure smart contract functionality and readiness, aiming to provide early supporters with a unique opportunity to experience USD1 firsthand.

The proposal has already garnered significant support, with 2.6 billion votes (99.97%) in favor and only 901,000 votes in opposition within the first eight hours.

However, even if approved, World Liberty Financial, Inc. reserves the right to discontinue, suspend, modify, or terminate the test airdrop at any time. Additionally, the company may impose additional eligibility criteria for the airdrop at its sole discretion.

At this stage, the timing of the airdrop and the amount of USD1 to be distributed to each wallet are still pending and will be finalized after the vote.

This test airdrop is part of WLFI’s broader effort to grow user engagement and demonstrate the capabilities of its smart contract infrastructure, all while navigating the political and regulatory spotlight.

Stay tuned for updates as the vote progresses and further details of the airdrop are revealed.

This article was originally published on Benzinga