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Free Money to Trump Supporters? World Liberty Financial Announces $1.2M WLFI Airdrop

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World Liberty Financial (WLFI), a cryptocurrency enterprise linked to U.S. President Donald Trump, has announced plans to distribute 8.4 million WLFI tokens, price round $1.2 million, to early customers of its USD1 stablecoin program.

The airdrop is a part of the corporate’s ongoing USD1 Points Program, designed to reward customers who helped promote the adoption of its dollar-backed digital foreign money over the previous two months.

The program, which launched in August, inspired customers to earn factors by buying and selling USD1 pairs or sustaining stablecoin balances on chosen companion exchanges.

World Liberty Airdrop Kicks Off New Phase of Its Crypto Loyalty Program

In an announcement posted on X early Wednesday, World Liberty confirmed that eligible individuals will obtain WLFI tokens as rewards, with distributions going down throughout six main centralized exchanges, together with Gate.io, KuCoin, LBank, HTX Global, Flipster, and MEXC.

“The standards and eligibility for incomes factors and rewards might fluctuate based mostly on every alternate’s guidelines,” the corporate acknowledged.

Each companion platform will decide its personal allocation schedule and reward circumstances.

According to World Liberty, the Points Program generated greater than $500 million in buying and selling exercise inside two months.

“From day one, the USD1 Points Program aimed to redefine how customers are acknowledged for driving adoption and use of a high 10 stablecoin,” the corporate wrote. “Now, solely two months in, the imaginative and prescient is turning into actuality.”

The firm stated the initiative mirrors conventional U.S. loyalty packages similar to airline miles and resort factors however applies the idea to crypto customers.

The agency described the airdrop as the primary section of a broader loyalty initiative. Future updates are anticipated to embrace new venues, decentralized finance integrations, and extra methods to earn factors, similar to staking and DeFi participation.

USD1, issued by World Liberty Financial and custodied by BitGo, has grown quickly to change into the sixth-largest stablecoin globally, with a market capitalization of roughly $2.99 billion, according to CoinGecko knowledge.

It ranks behind Tether (USDT) and USDC however forward of long-established gamers similar to Dai (DAI).

WLFI, the native governance and reward token of the platform, trades at $0.14, down about 0.5% within the final 24 hours and roughly 70% beneath its September all-time high of $0.46.

WLFI 7D Price Chart nSource: CoinGecko

Despite the worth drop, the corporate has pursued a number of token administration methods to stabilize provide.

World Liberty had Previously Sent a $4M “Thank You” Airdrop to Holders

This newest airdrop marks the second main distribution occasion by World Liberty this 12 months.

In June, the corporate sent $4 million worth of its USD1 stablecoin to WLFI token holders, calling it a “thanks” gesture to early supporters and a check of its airdrop infrastructure.

The firm emphasised that eligible customers have been credited routinely: “no claims, no hyperlinks, no drama.”

World Liberty Financial’s exercise has drawn consideration not solely from crypto merchants but additionally from political observers.

The firm is intently tied to President Trump and his household, who co-founded the mission alongside builders from the Witkoff Group. Trump’s sons, Eric, Donald Jr., and Barron, have all been listed as Web3 ambassadors and advisors for the enterprise.

Source: Bloomberg

Bloomberg beforehand reported that the Trump household collectively holds greater than 22 billion WLFI tokens, with locked holdings valued at roughly $4 billion based mostly on present costs.

The stablecoin USD1 made headlines earlier this 12 months after being used in a $2 billion transaction between Abu Dhabi-based funding agency MGX and crypto alternate Binance.

Trump Pardon of Binance Founder Sparks Bipartisan Concern Over Crypto Ties

The Trump household’s rising presence in crypto has drawn scrutiny from lawmakers.

The president’s resolution to pardon Binance founder Changpeng Zhao drew sharp criticism from Democratic lawmakers, who accused him of favoring allies within the crypto sector.

Recent controversies, together with his resolution to pardon Binance founder Changpeng Zhao, have intensified calls from lawmakers to regulate political participation within the digital asset house.

Senators Elizabeth Warren and Maxine Waters condemned the move, whereas Representative Ro Khanna has proposed legislation that would bar elected officials from proudly owning or launching cryptocurrencies, citing “conflicts of curiosity” involving the Trump administration’s crypto dealings.

Despite the political tensions, World Liberty’s ecosystem continues to broaden. Over the previous months, the company introduced bridge and swap modules for USD1 and partnered with Kernel DAO to make the stablecoin restakeable.

The put up Free Money to Trump Supporters? World Liberty Financial Announces $1.2M WLFI Airdrop appeared first on Cryptonews.

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