Ah it's a never ending story with Trump it seems anymore. From asassination attempts to launching your own crypto trading platform. Today World Liberty Financial is launched and with it came a two hour X space which revealed some interesting information. Let's take a look at what's going on and then some of my own opinions on the matters.

A Governance Token

The platform is set to also release and very possibly air drop a governance token which is pretty unheard of when it comes to the USA as the SEC and other places always ban any air drops which always blows my mind.

This conversance token called WLFI is a non-transferable and won't provide any economic rights. It's stated that 63% of the tokens will be sold to the public, 17% reserved for user rewards and 20% going to the team. IDK about you but that already doesn't sound decentralized at all.

The token will only be sold to accredited investors under what is known as the Regulation D exemption from the securities and exchange commission. This allows companies to raise capital without registering with the SEC.

There is currently no launch date for the token known.

Other Views

It was also said on the X space that a core focus seems to be in the DeFi space which honestly I can get behind as a lot more safety measures and other elements need to be in place for DeFi and if done correctly has massive potential for success and to bring wealth back into the hands of many.

If this platform did work primarily on DeFi I could honestly see it taking off as a possible legitimate source for anyone to come in and take part. This would open up a world of finances to every day people who are not accredited investors to allow them to build capital faster and make their money work for them unlike putting it into a checking or savings account.

Is this going to be a good platform?

My first thought is no as it just centralizes things even more and it's not a decentralized system. However it's also good because countless exchanges have left the USA or can't be used making it harder than ever to make transactions once again from layer 2 tokens etc. My hopes are that the pairings would be easy and the capital to back it all up.

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