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Republican presidential candidate Donald Trump gains votes after an assassination attempt, but things are turning around. After making highly positive statements about crypto, he announced his own crypto project. However, significant issues have emerged here as well. Let’s discuss the latest details on both the US elections and Trump’s “stillborn” DeFi project.
Trump’s Cryptocurrency
The name has changed to World Liberty Financial. This will be a DeFi platform marketed by Trump with the promise of making financial access easier. Yesterday, we mentioned that four senior team members involved in this project had previously worked on a different (unsuccessful) DeFi protocol. Details have emerged that the hacked platform’s codes are also being used in the World Liberty Financial project (partially).
Now, according to information based on the obtained Whitepaper, it is mentioned that 70% of the protocol’s native token will be given to insiders. The fact that the WLFI Token will be held by the founders, team, and service providers has raised a second red flag following yesterday’s details.
30% of the tokens will enter circulation through a “public sale.” A portion of the money from this will go to insiders and be held in the treasury to support the protocol’s operations.
70% is quite a large proportion, and for Ethereum, this figure was at 16.6%. Even later, Vitalik stated that they received much less. The companies behind Cardano also held about 20% of the tokens initially.
If this information is true, we can say that Trump is off to a bad start. The team has not confirmed this yet, and one of the consulting companies for the project used the phrase “is this a joke?”
US Election Polls
The latest report published by USA Today shows how the time intervening after the assassination attempt has affected the mood. According to this, Kamala Harris supporters are more willing to vote compared to Trump voters. The situation was the opposite after the attempt on Trump’s life.
According to the Suffolk poll, Harris’s surprising emergence against Trump, replacing the weaker (we can say weakening due to illness, age, gaffes, etc.) opponent Biden, has motivated the Democrats. The latest poll shows 48% to 43%, with Harris leading.
In March, 55% of Democrats wanted to go to the polls, but now the rate has exceeded 73%. This change is clearly against Trump and makes the elections more challenging for him.
