Free Money for Trump Supporters? World Liberty Financial Unveils $1.2M WLFI Airdrop

Free Money to Trump Supporters? World Liberty Financial Announces $1.2M WLFI Airdrop

World Liberty Financial (WLFI), a crypto project associated with U.S. President Donald Trump, has announced an airdrop of 8.4 million WLFI tokens, valued at approximately $1.2 million, targeting early users of its USD1 stablecoin initiative.

Key Takeaways

World Liberty Financial will distribute 8.4 million WLFI tokens in a $1.2 million airdrop.
The initiative rewards early adopters of the USD1 stablecoin program.
The airdrop is part of a broader loyalty program and aims to parallel traditional loyalty schemes.
World Liberty has also made headlines with a previous $4 million airdrop to token holders.
The Trump family's involvement in the crypto sector raises political scrutiny and both support and criticism from lawmakers.

World Liberty Airdrop: A New Chapter in Crypto Loyalty

World Liberty Financial (WLFI), a cryptocurrency initiative linked with President Donald Trump, is set to distribute 8.4 million WLFI tokens, which are valued at around $1.2 million, to early participants of its USD1 stablecoin program.

This airdrop is part of the ongoing USD1 Points Program, which has been designed to reward users who contributed to promoting the adoption of its dollar-backed digital currency over the last couple of months.

Launched in August, this program encourages users to acquire points by trading USD1 pairs or by maintaining stablecoin balances on select partner exchanges.

Details of the Airdrop

On early Wednesday, World Liberty announced via X that eligible users would receive WLFI tokens as rewards. The distribution will occur across six prominent centralized exchanges, which include Gate.io, KuCoin, LBank, HTX Global, Flipster, and MEXC.

“The criteria and eligibility for earning points and rewards may differ based on each exchange’s regulations,” the company clarified.

Every partner platform will set its own timeline and requirements for allocating rewards.

According to World Liberty, the Points Program has generated over $500 million in trading activity within the first two months.

“From our launch, the USD1 Points Program was designed to revolutionize how users are acknowledged for their role in driving the adoption of a top ten stablecoin,” the company stated. “Just two months in, this vision is becoming reality.”

The firm highlights that this initiative resembles traditional U.S. loyalty programs like airline miles and hotel points but applies these concepts to crypto users.

The airdrop represents the first phase of a larger loyalty initiative, with future developments anticipated to include new partnerships, decentralized finance (DeFi) integrations, and additional methods for users to earn points, such as through staking and DeFi participation.

The USD1, issued by World Liberty Financial and held in custody by BitGo, has gained significant traction, becoming the sixth-largest stablecoin worldwide, with a market capitalization nearing $2.99 billion, as reported by CoinGecko.

It stands behind Tether (USDT) and USDC, but ahead of well-known tokens like Dai (DAI).

Currently, WLFI, the native governance and reward token of the platform, is trading at $0.14, having decreased about 0.5% in the last 24 hours, and is approximately 70% below its all-time high of $0.46 reached in September.

Even with this drop in price, the company is actively implementing several token management strategies designed to stabilize token supply.

World Liberty Financial's Previous Airdrop

This recent airdrop is the second significant distribution event from World Liberty this year. In June, the company conducted a $4 million airdrop of its USD1 stablecoin to WLFI token holders as a gesture of appreciation to early supporters, while also testing its airdrop system.

World Liberty emphasized that eligible users received credits automatically, stating, “no claims, no links, no drama.”

The company’s activities have garnered attention from both crypto investors and political analysts alike.

Trump Family's Involvement in Crypto

World Liberty Financial is closely related to President Trump and his family, who co-founded the project alongside developers from the Witkoff Group. Trump’s sons, Eric, Donald Jr., and Barron, have all been appointed as Web3 ambassadors and advisors for the initiative.

According to previous reports from Bloomberg, the Trump family collectively holds over 22 billion WLFI tokens, with their locked assets valued at about $4 billion based on current market prices.

The USD1 stablecoin gained significant attention earlier this year after facilitating a $2 billion transaction between Abu Dhabi-based investment firm MGX and crypto exchange Binance.

Political Scrutiny on Trump's Crypto Connections

The Trump family's increasing influence in the cryptocurrency space has attracted scrutiny from lawmakers. The president’s decision to pardon Binance founder Changpeng Zhao has led to criticism from Democratic lawmakers who claim this favors allies within the crypto industry.

Recent controversies surrounding his actions have heightened calls from lawmakers to regulate political engagement in the digital asset arena. Senators Elizabeth Warren and Maxine Waters have publicly condemned the pardon, while Representative Ro Khanna has introduced legislation to prevent elected officials from owning or launching cryptocurrencies due to perceived “conflicts of interest” linking to the Trump administration’s involvement with crypto.

Despite the underlying political tensions, World Liberty Financial's ecosystem continues to expand. Over the past several months, the company has introduced bridge and swap modules for USD1 and formed a partnership with Kernel DAO to enable the stablecoin to be restakeable.