Trump-Backed WLFI Proposes USD1 Airdrop With 99.97% Community Support

World Liberty Financial (WLFI), a crypto platform backed by the Trump family, has proposed an airdrop of its newly launched US dollar-pegged stablecoin, USD1, to reward early holders of the WLFI token. The airdrop, which is currently under a community vote, aims to test the platform's airdrop mechanism and express gratitude to its earliest supporters. The proposal, posted on the WLFI governance forum on May 6, outlines that the airdrop will distribute a small amount of USD1 to eligible WLFI token holders. The exact amount of USD1 to be distributed will be determined based on the total number of eligible wallets and the allocated budget. The date for the airdrop is yet to be announced, and WLFI reserves the right to modify or terminate the airdrop at any time.

The vote on the airdrop proposal is scheduled to close on May 14. As of the latest update, an overwhelming majority of 99.97% of votes are in favor of the proposal, with 2.6 billion tokens used to vote yes, compared to 901,000 votes, or 0.03%, against the measure. This strong support from the community indicates a positive reception to the airdrop initiative.

The airdrop serves a dual purpose for WLFI. Firstly, it allows the platform to validate the technical functionality of its airdrop system in a live environment. This is a crucial step to ensure that the smart contract functionality is robust and ready for future use. Secondly, it provides an opportunity to thank early supporters of the project, who have been instrumental in the platform's growth since its launch in September. By introducing these supporters to the USD1 stablecoin, WLFI aims to foster further engagement and loyalty within its community.

WLFI launched its USD1 stablecoin in early March, marking a significant milestone in its development. Since its inception, the platform has completed two public token sales, raising a combined $550 million from 85,000 registered holders. This funding has been pivotal in supporting the platform's growth and development, enabling it to expand its offerings and enhance its technological infrastructure.

The proposal to airdrop USD1 stablecoins to WLFI holders is a strategic move by the platform to engage with its community and test its airdrop mechanism. The overwhelming support for the proposal reflects the community's enthusiasm and trust in the platform's initiatives. As WLFI continues to grow and innovate, such community-driven efforts will be instrumental in solidifying its position in the crypto market.