Donald Trump will give away 63% of his own digital tokens

Former US President Donald Trump and his team have unveiled a new decentralized finance (DeFi) initiative called World Liberty Financial (WLFI). The project includes the issuance of the WLFI token, 63% of which will be available for sale to the general public. Trump positions his new brainchild as a revolution in the cryptocurrency ecosystem.

The first 20% of the total tokens are reserved for the founding team, which includes the Trump family. 17% of the virtual coins will be used to reward users. Earlier, there were rumors that 70% of the tokens were to be given to the founders, which raised concerns about possible quick enrichment through the popularity of the Trump brand. However, the new distribution structure is designed to alleviate these concerns.

The WLFI project is promoted as a token that meets the requirements of the US Securities and Exchange Commission (SEC). Donald Trump has noted that his interest in cryptocurrencies has increased after successful sales of NFTs bearing his name, which brought in significant revenue.

Nevertheless, the reaction to this project is mixed among both experts and crypto enthusiasts. Some experts are skeptical and advise investors to focus on buying Bitcoin instead of WLFI tokens. However, the exact timing of the project’s implementation has not yet been announced.