World Liberty Financial (WLFI) Promises USD1 Airdrop to Early Token Holders

Crypto platform World Liberty Financial (WLFI), which has the backing of the Trump family, plans to distribute a small amount of their new USD1 stablecoin – whose value is pegged to the US dollar – to early holders of WLFI tokens as part of testing its airdrop system.

This airdrop is a token of appreciation to early supporters and will be used to test their airdrop system to ensure it functions well.

To date, support from the community has been strong with over 2.6 billion tokens, or about 99.97% of the vote, in favor of the proposal. Only a small number, around 940k tokens, are against the airdrop proposal.

World Liberty Financial (WLFI) Presents USD1 Airdrop

The crypto platform, which is backed by the Trump family, plans to distribute a small amount of their new USD1 stablecoin to early holders of WLFI tokens.

This airdrop is a token of appreciation to early supporters and will be used to test their airdrop system to ensure it functions well.

Testing the airdrop mechanism in a real-world situation is an important step to ensure the smart contract functions properly and is ready for use. This distribution is also a meaningful way to thank our early supporters and introduce them to USD1.

This move will allow World Liberty Financial to validate the technical functionality of its airdrop system in a real-world environment, while recognizing the project’s early supporters.

Voting Ends on May 14

The amount of USD1 to be distributed is still undetermined and will be adjusted based on the total eligible wallets and the available budget, according to the proposal.

The date of the airdrop has also not been confirmed. WLFI states that it reserves the right to “stop, suspend, modify, or terminate this airdrop trial at any time.”

Voting is scheduled to end on May 14. To date, those in favor of the proposal are ahead with 2.6 billion votes, or 99.97% of the total tokens used to vote. Meanwhile, opponents have only recorded around 901,000 votes, or 0.03%.

WLFI launched its stablecoin in early March. Since the platform was launched in September, the crypto company has completed two public token sales, raising a total of $550 million from 85,000 registered holders.

Other Countries Challenge US Dollar Stablecoin Dominance

According to a report from investment banking giant Citigroup, the market capitalization of stablecoins pegged to the US dollar surpassed $230 billion in April, a 54% increase compared to last year. The stablecoins Tether (USDT) and USDC dominate about 90% of that market.

However, some countries are beginning to announce plans to launch stablecoins backed by currencies other than the US dollar.

On April 28, three major institutions in Abu Dhabi, including the Emirati sovereign wealth fund, announced a joint initiative to launch a new stablecoin pegged to the dirham currency.

Meanwhile, on April 16, an official from the Russian finance ministry proposed plans to develop a national stablecoin. This plan comes after US authorities and stablecoin issuer Tether froze wallets connected to sanctioned Russian exchange Garantex.

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reference: https://www.msn.com/en-us/money/marketsminds/world-liberty-financial-opens-voting-for-usd1-airdrop-to-early-token-holders/ar-AA2Fv3k

लगभग $230 बिलियन के साथ, बेंजामिन नेटवर्थ कम है। यह उस बिंदु से काफी दूर है जहाँ वह अपने विश्व डिजिटल संपत्ति कोष में जॉइंट वेंचर भागीदार के रूप में काफी समृद्ध हो जाएगा। यह उस बिंदु से भी काफी दूर है जहाँ वह अपने WLFI टोकन धारकों को एक