The Trump family-adjacent decentralized finance (DeFi) challenge World Liberty Monetary (WLFI) has proposed a stablecoin airdrop.
Final month, the DeFi challenge introduced plans to launch a brand new stablecoin referred to 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 new proposal, the challenge says the ultimate actual quantity will likely be based mostly “on whole eligible wallets and price range.”
Explains World Liberty,
“Testing the airdrop mechanism in a reside setting is a obligatory step to make sure sensible contract performance and readiness. This distribution additionally serves as a significant strategy to thank our earliest supporters and introduce them to USD1.”
World Liberty notes within the fantastic print on its web site that President Donald Trump will not be an officer, director, founder, or worker of the agency or any of its associates, however the firm does title 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 members of the family, holds 22.5 billion WLFI tokens and is entitled to obtain charges from the challenge.
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