World Liberty Financial Token - Who's In?

So let's just put aside the politics for a moment. We now have a US presidential candidate openly embracing crypto. Sales of the World Liberty Financial token which is backed by Donald Trump have got off to a slow start there can be no doubt about that, it sold only $11m worth of tokens on its first day of trading when its target sales figure was put at $300m. Having tokens locked up for an initial 12 months before they become transferrable probably didn't help much with sales.

But whatever you think of Donald Trump the fact he is embracing DeFi and crypto is a major step forward for the cryptosphere, almost surreal. Trying to understand the use case for WLFI is a little tricky but essentially it appears to be a governance token which will govern the World Liberty Finance platform. The platform itself has been designed to facilitate predominantly borrowing and lending, as well as other DeFi activities.

I have no idea if WLFI will be a roaring success or will turn out to be another shitcoin. None of us do. But the mere fact a US presidential contender is prepared to openly back a crypto token highlights a US president hopeful openly encouraging the participation of crypto trading, instead of denouncing it.

Don't be fooled either by the left wing news media who are obviously very keen to paint Trump's foray into crypto as entirely negative. Trump's embrace of crypto is a big deal. It's a positive one also. Check out the World Liberty Financial Token website here.

Peace!

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