World Liberty Financial (WLFI) has announced plans for an airdrop of its newly launched USD1 stablecoin. The distribution will target early supporters of the project. It is designed as a test to validate its airdrop system's functionality on Ethereum Mainnet.
Although the exact amount and timing are yet to be finalised, the initiative aims to boost the coin's visibility. It will also ensure the smooth operation of its smart contract mechanisms.
The proposal outlines a process with community discussion, a governance vote, and a public announcement once the airdrop is finalised. However, WLFI maintains the right to modify or cancel the airdrop at any point.
The platform faces significant political backlash. Some lawmakers have raised concerns about the financial involvement of the Trump family. They are suggesting potential conflicts of interest.
Also, WLFI's governance structure includes a non-transferable token, raising questions about transparency and decentralisation.
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