Yes, we are going to talk about WLFI again because there's actully a lot to unpack here and dig into. Many lessons to be learned for new and existing folks to the crypto and investing lifestyle and how important it is to do your own research first before you invest into anything.

*This article is for entertainment purposes only and is not financial advice. I currently do not own or plan to own any WLFI tokens myself.

As of this morning WLFI (World Liberty Finance) The so called "defi" exchange has only old 858.65 million of it's 20 billion tokens.

A drop in the bucket and if you look at recent transactions it's even more funny because the only people that can invest in this thing are people that fill out KYC and are accredited investors and you see the transactions come in at like $300 or less lol.

But there's a lot more to this. Let's look over the primary reasons why this has turned into a huge failure and highlight what I believe is why we don't want to continue to push for government oversight and adoption from companies and governments and return to cryptos roots.

Limited Reach

Ah you have to love the term "Accredited Investor" it pretty much is a stats in which gives you more power than living with the rest of the slum. You get better interest rates, better risk diverse investments and more! It's pretty much a system to draw a line between people that are wealthy and will continue to only get more wealthy and then people that are not so wealthy and will only get more poor over time.

With this token launch they had to play by the rules and those rules we can see clearly stifle reach and adoption.

there are 24 million accredited investor households in the United states which sums it up to about 18.5% of the USA households were even able to buy this token. Talk about a massive reduction in people and limited opportunity.

Oh but it gets a lot better. The biggest limit here is the secondary market. There isn't one! Once you buy the token you are stuck with it. There is no secondary market as the token in the white paper if you did your research clearly states that the token is not transferable nor tradable.

Thinking Of Yourself Only

Trump is a business man so of course a business is going to care about one thing over anything else no matter what they say and that's for it's on preservation to exist and to accumulate as much wealth as possible.

This is clearly shown in the way this token is designed. The first red flag is only 30% of the tokens are being sold to other people (of which again they can't transfer them) meaning the company and main people own 70%. So no matter what proposal gets brought up the company has majority say in it while the other 30% which is divided up amongst many people who won't all agree on something there vote legit doesn't matter in any of these "votes" coming up. This means while at face value it might look like there's a so called decentralized vote happening but when you look at the major token holders you quickly see just how centralized the vote is.

The overall picture here is this place isn't a "defi" system at all and provides zero benefit to it's investors or anyone that were to use the platform as it's a central figure head business. It provides zero value to the overall vision of cryptocurrency.

Success

What most people have such a hard time understanding is to get over their greed factor. Some of the biggest most successful companies spawned from decentralized and free markets.

Posted Using InLeo Alpha