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Donald Trump has officially announced the release date of his first crypto venture, World Liberty Financial. This launch has come as a strategic move before the upcoming presidential election. Despite his incline towards the cryptocurrency industry, it has shocked the crypto investors and political competitors. It is because of Trump’s 180-degree change from being totally against to becoming the new spokesperson for this industry. Now, investors are eyeing this crypto project, especially as the ex-president has promised to reshape the way people manage their finances.
What Is World Liberty Financial? Trump’s First Crypto Project
From finding Trump’s crypto wealth to the launch of his first-ever crypto venture, World Liberty Financial, a lot has changed. Just recently, through an X post, Donald Trump asked the netizens to join him during the Twitter live at 8p.m for the launch of World Liberty Financial on September 16, 2024.
As of now, not much is known about this crypto project, but it is a multifaceted financial platform designed to give users control of their finances. In one of the X posts, the ex-president revealed the main task of this decentralized finance platform is to provide borrowing and lending services to its users.
Join me, live on Twitter Spaces at 8 p.m., this September 16th for the launch of World Liberty Financial. We’re embracing the future with crypto and leaving the slow and outdated big banks behind.
This upcoming Monday’s Twitter Live will reveal the details and features of this platform. For now, World Liberty Financial will offer three main services based on the whitepaper data. Starting with digital wallets, where the platform will ensure the protection of the user’s assets. It also became important after Lara and Tiffany Trump’s X account got hacked to promote a fake cryptocurrency. Past this incident, Trump revealed how it is a priority for him to provide the utmost security to users’ assets.
The second important service of this platform is to provide a credit account system where the user will get to borrow and lend money. Here, the users can access many decentralized tools, ensuring minimal involvement in their activities. Apart from this lending and borrowing, the platform will also let the users use tokens to invest in cryptocurrencies, making it a one-stop solution for user needs.
There is also a discussion of the nontransferable governance tokens and working on stablecoins development. The platform has promised to work on spreading the dominance of the US-pegged stablecoins. Because of this, the crypto project is expected to be built on Aave and Ethereum.
How World Liberty Financial Is Game Change For Donald Trump?
Donald Trump has strategically planned the launch of this crypto project just 50 days before the US Election. This will boost his image and give big publicity to the business. Overall, this is a big win, as the next few days are crucial to maintain its stand among crypto investors. With this, Trump has entered the DeFi world, where Eric and Donald Trump Jr are to handle the business.
Trump has embraced crypto since the beginning of the year and even attended the Bitcoin 2024 conference. He even promised to fire the SEC Chair Gary Gensler, known for his anti-crypto stance. Moreover, in other events, he promised to make crypto made in America or the country the most developed and crypto-friendly. With such promises, his demand has increased among investors, and this crypto venture will get it to the next level.
Since Trump began calling himself the crypto president, his campaigns have raised millions from crypto political donations. With this, he has already surpassed the rest of the candidates with his crypto supporters. Even the crypto market’s performance is related to users’ sentiments on Donald.
Many analysts have claimed BTC price to hit $90K if Trump wins and a heavy fall in the opposite.
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