World Liberty Financial (WLFI), a Crypto platform supported by the Trump family, is planning to thirdrop a small amount of its new US dollar dollar as a reward for the WLFI's early holders, which serves as a test of its airdrop system.
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WLFI AirDrop's proposal gets excessive support
With more than 99% of the votes in favor, AirDrop will share a small amount of USD1 Stablecoin with the right -wing WLFI token holders, such as outlined in the May 6 proposal at the WLFI Governance Forum.
The proposal states that testing on the airdrop mechanism in a live setting is important to ensure the operation of the intelligent contract and readiness. This distribution also serves as a significant way to thank the earliest supporters and introduce them to the USD1.
The value of USD1 is yet to be determined but based on the total appropriate purse and budget. The date for AirDrop is also pending, and WLFI says it provides “right to stop, suspend, change or terminate the test airdrop” at any time.
Voting is set to end on May 14. So far, the support for the proposal is excessive, with approximately 2.6 billion tokens, representing 99.97%, Cast in favor, while only 901,000 tokens, or 0.03%, were used to vote against it.
WLFI also cooperated with HTX Global and Listadao
On May 5, the WLFI reported that the USD1 sold was reportedly launched by the HTX Global. The company mentioned token trading is available on May 6, and withdrawals are allowed until May 7.
In addition to working with HTX Global, WLFI also announced that it cooperated with Listadao to combine USD1 with its system.
Listadao recently confirmed that the USD1 vault is already alive, and the USD1/Lisusd Liquidity Pool and USD1 as CDP Collateral will be launched as soon as possible. It further stated that it will have more integration with WLFI in time.
To date, all WLFI partnerships around the USD1 token appear to be aligned with its stated goals to ensure compliance, promoting transparency, and increasing the visibility of the token.
Eric Trump, the son of the president of the United States, and WLFI co-founder Zach Witkoff continued to emphasize that they intended that the USD1 is the most followed, clear, and trusted stablecoin. Eric also thinks to facilitate the development of transparent stablecoins such as USD1 can be pleasing to the internationalization of the US dollar.
Wlfi snapshot vote for USD1 AirDrop sHows an almost 100% approval rate and end next week.
Similarly, last month, the WLFI declared that it would conduct an Airdrop of the USD1 Stablecoin to qualify for WLFI token holders. The company said the test would increase its visibility in USD1 before launching it wider. Moreover, they argue that the test of the AirDrop mechanism will ensure the functioning and readiness of the intelligent contract.
WLFI and President Trump are still under investigation into their projects
WLFI launched USD1 in April after Congress began discussing the Stable Act. Critics quickly pointed out that President Trump had conflicts of interest, giving his relationship to WLFI. To exacerbate the situation, approximately $ 390 million were reportedly allocated to the DT Marks Defi LLC, a Trump-related creature, from $ 550 million raised during the WLFI token sale, which inspired many questions.
Not to mention, WLFI token management has not been transferred, which increases more concerns with transparency and decentralization. Senator Elizabeth Warren and Rep. Maxine waters have even asked the SEC to disclose internal documents to WLFI due to regulatory concerns.
Their request complies with the commission's transfer to —pause the implementation actions to Justin Sun, a WLFI investor and the founder of the Tron Blockchain.
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