Along with his sons and businessmen, Republican presidential candidate Donald Trump has founded his own cryptocurrency platform. However, few details about the project were revealed during a two-hour online presentation yesterday.
The World Liberty Financial platform is designed to enable users, among other things, to lend each other cryptocurrencies – a service already offered by several other platforms.
The main driving forces behind Trump’s project are cryptocurrency entrepreneurs Zachary Volkman and Chase Herro. They announced that the platform will primarily use stablecoins, which are typically pegged to the value of traditional currencies, often the dollar.
Joint decision by purchasing digital tokens
In addition, users should be able to purchase digital tokens. According to project managers, these should give them voting rights in decisions on the platform. 63% of the tokens should be offered to the public, 20% should go to the founding team and the rest should be reserved as a reward for users.
During his presidency, Trump spoke negatively about cryptocurrencies, criticizing them and calling them a “scam.” But his position has changed dramatically since then. In doing so, he is distinguishing himself from the administration of US President Joe Biden, which is committed to regulating the cryptocurrency sector.
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