World Liberty Financial, a crypto and DeFi project associated with President Donald Trump, has proposed a test airdrop of its newly introduced USD1 stablecoin aimed at WLFI token holders.
World Liberty Financial, a crypto and DeFi project associated with President Donald Trump, has proposed a test airdrop of its newly introduced USD1 stablecoin aimed at WLFI token holders.
The initiative, revealed in a Monday announcement, seeks to assess the functionality of its airdrop system while rewarding early supporters.
The proposed airdrop would target all current WLFI token holders, although specific eligibility requirements are yet to be finalized. The amount of USD1 stablecoins each participant would receive will depend on the total number of eligible wallets and the budget allocated for the distribution.
In mid-March, World Liberty Financial completed a significant fundraising round, selling 25% of its total 100 billion WLFI token supply. The project reportedly raised $590 million, according to ICO Drops. The company's whitepaper indicates that while Donald Trump is listed as the "chief crypto advocate," the Trump family members do not have operational or ownership roles in the project.
The test airdrop serves a dual purpose: to promote the USD1 stablecoin ahead of its broader market launch and to evaluate the technical aspects of the airdrop process. World Liberty Financial has stated that it reserves the right to modify or discontinue the airdrop at any time and may impose additional eligibility criteria.
Community feedback on the proposal is being solicited, and a governance vote will ultimately decide whether the airdrop proceeds. If approved, World Liberty intends to execute the airdrop on the Ethereum Mainnet, followed by a public announcement.
This development occurs as the U.S. government is moving toward establishing a regulatory framework for stablecoins, an effort that has received support from President Trump.
Recent legislative actions include the advancement of the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) bill by the House Financial Services Committee.
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