Donald Trump-backed crypto and DeFi project World Liberty Financial has offered its USD1 stablecoin as a test airdrop to native WLFI token holders, according to a published management proposal.
World Liberty Financial Offers USD1 Stablecoin Airdrop for WLFI Holders
The proposal stated that the airdrop is designed to reward early supporters and allow the project to test airdrop functionality ahead of the wider launch of USD1.
According to the proposal, all existing WLFI token holders will be eligible for the airdrop, but the final criteria and distribution amounts will be determined after evaluating the total number of eligible wallets and the available budget.
“This test airdrop serves as both a technical trial and a thank you gesture to early supporters,” the proposal reads, further positioning the airdrop as a marketing tool to raise awareness of USD1 ahead of its wider market launch.
World Liberty Financial added that even if the airdrop is approved, it reserves the right to modify, suspend or terminate the initiative at any time.
WLFI Token Sale Raises $590 Million
In March, World Liberty Financial conducted a significant token sale, selling off 25% of its 100 billion WLFI token supply and raising $590 million in public and private rounds, according to ICO Drops data.
The project has solicited community feedback on its airdrop proposal, and most responses so far have expressed support. A governance vote will determine whether the plan moves forward.
If approved, World Liberty Financial intends to conduct an airdrop on Ethereum Mainnet and then announce the distribution to the public.
*This is not investment advice.
Continue Reading: Donald Trump-Backed DeFi Project World Liberty Financial Prepares to Launch Stablecoin! Who Will Be Given the Airdrop?
