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In Trump-Backed Crypto Project, Insiders Are Poised for Unusually Big Token Payouts
World Liberty Financial, the new crypto lending platform promoted by former U.S. President Donald Trump and his sons, advertises itself as a way of "putting the power of finance back in the hands of the people" and a solution to the "rigged" traditional finance system. CoinDesk has obtained a draft white paper for the project. It reveals that the vast majority of the power promised by World Liberty Financial will be concentrated in the hands of a select few insiders: 70% of WLFI, the project's "governance" crypto token, will be "held by the founders, team, and service providers." The remaining 30%, ... (full story)
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- Posted: Sep 4, 2024 7:46pm
- Submitted by:Category: Entertainment NewsComments: 0 / Views: 96
