The former president and presidential candidate presented his new Cryptocurrency platform on September 16: World Liberty Financial. A project that is run by his sons Donald Trump Jr. and Eric Trump and that, apparently, generated more disappointment than enthusiasm among investors.
According to the information that was offered to the media and shared in a space, during the presentation of the platform Not many details were offered and people were left with many doubts.waiting for more information.
The disappointment led many to withdraw from the news space, seeing that time was going by talking about DeFi in general, but provide the data that people were looking for.
This fact is highlighted by investor Wayne Vaughan, founder and CEO of the Blockchain platform Tierion, recounting as An audience of 150,000 people dropped to 45,000 in a short time.
“I just spent over two hours listening to @worldlibertyfi’s announcement. They never specifically mentioned what the DeFi platform does. They did find time to mention token distribution parameters,” the investor wrote.
He added that 63% of the tokens non-transferable governance World Liberty Financial (WLFI), which will support the platform, will be sold to the public (accredited investors in the US). 17% will be for rewards and 20% for founders. The data differs slightly from what has been published in the media. The entire process will be regulated by the US Securities and Exchange Commission (SEC).
The project – which promises to be more user-friendly and accessible than existing alternatives – will offer cryptocurrency lending services on the Ethereum blockchain network, similar to the wide range of existing applications on decentralized platforms (DeFi).
World Liberty Financial’s cryptocurrency team will be led by operations leader Zak Folkman and head of data and strategy Chase Herro, who explained that “it’s like any other DeFi project you would expect to launch right now with incredibly fair token distribution.”
However, there is much more accurate information Bitcoin-criptomonedas/”>About the project which is still subject to change, which is why The white paper was not officially presented.
Vaughan expressed his disappointment on X, as did many users who were on Trump’s Space. Source: X/WayneVaughan.
More precise information is needed
In that sense, Vaughan believes that the public should have been told more clearly. What does World Liberty Financial offer?“They never did,” he said, commenting that the most important thing people wanted to know was if they would get performance of their digital assets.
“They also didn’t say what the product does,” he insisted, assuming that the platform’s goal is to deposit dollars and earn interest, in addition to borrowing against digital assets such as BTC and ether (ETH).
“There’s no word on when the product will be officially launched or when it will be available,” Vaughan adds, saying that the Trump family’s motivation for creating this platform It has to do with your negative experience with banks.
“They should have told how they were denied credit and how they did not have a bank account after getting involved in politics,” concludes the specialist, highlighting the importance of knowing why the family got involved in this type of project.
This situation occurs in a context in which political analysts consider that this platform may be more harmful than beneficial for Trump. As reported by CriptoNoticias, analyst Simon Dixon questions the timing of this releasesuggesting that it may alienate many in the Bitcoin community, which has historically been reluctant to centralized control.
Apparently Dixon has a point. Polymarket figures They indicate that after the presentation of World Liberty Financial the advantage over Trump of Democratic candidate Kamala Harris, went up two points.
Predictions point to Harris having 50% support and the Republican 48%. Although they confirm the trend that predicts very tight election resultsoffers a better position to the Democratic candidate who until now has not expressed a well-defined position regarding the measures she will apply to the cryptocurrency sector.
Crypto Keynote USA
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.