World Liberty Financial: WLFI Token Distribution Sparks Controversy

Bittime - World Liberty Financial (WLFI) has attracted attention for being promoted by the Trump family. However, the distribution of WLFI tokens is questionable because it is considered very uneven. 

WLFI Token Distribution  

In other words, 70% of WLFI governance tokens will be held by the founders, team and service providers. This amount is much higher compared to the internal allocation of other well-known crypto projects. 

In comparison, at the time of launch, the Ethereum project reserved only 16.6% of its total tokens for the Ethereum Foundation and early contributors. Meanwhile, Cardano holds 20% of ADA tokens for its development company.

Read Also: Eric Trump Announces Launch of New Crypto Project, World Liberty Financial

WLFI Tokenomics Not Final Yet

However, World Liberty Financial claims that this tokenomics plan is not final. All final information will be announced via official social media, such as WLFI's Twitter and Telegram accounts.

However, even though this tokenomics plan has not been completed, the large allocation of tokens to insiders still triggers criticism from various parties. Some experts even think that this project looks more like an attempt to take advantage of the Trump family's popularity than actually wanting to build an innovative DeFi platform.

World Liberty Financial and US Elections 

This World Liberty Financial project has raised concerns among the crypto community and Trump supporters. Some Trump supporters have argued that the project could potentially damage Trump's electoral prospects if it were later embroiled in a legal scandal or hacked by hackers. 

The project could be a prime target for the SEC, especially considering the controversial history of DeFi projects that have previously come under scrutiny from the regulator.

Nic Carter, a crypto industry figure and Trump supporter, said that the project could cause major losses for Trump in his political campaign. Carter argued that WLFI tokens could also be an easy target for hackers.

The Trump Family's Role in World Liberty Financial

One of the things that makes World Liberty Financial even more controversial is the involvement of many members of the Trump family in this project. 

Donald Trump is officially listed as Chief Crypto Advocate, while his two eldest sons, Don Jr. and Eric Trump, hold the role of Web 3 Ambassador. In fact, Barron Trump, who is only 18 years old, was given the title of DeFi Visionary.

Read Also: Trump's Crypto Project, World Liberty Financial, will be Built on Aave and Ethereum

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You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

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