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World Liberty Financial denied selling immoderate WLFI tokens aft reports suggested the Trump-linked DeFi task was negotiating token swaps with assorted blockchain projects.
World Liberty explained done its Feb. 3 societal media update that its treasury strategy includes plus reassignment. The station declared that the institution does not execute token income due to the fact that it moves assets betwixt concern operations for modular operational needs.
Source: XWorld Liberty issued a connection done societal media pursuing Blockworks’ study astir its plans to speech astatine slightest $10 cardinal worthy of WLFI tokens for alternate cryptocurrencies portion charging a 10% fee.
World Liberty has reportedly contacted its existing token portfolio which includes Ethereum (ETH), USD Coin (USDC), Chainlink (LINK), Aave (AAVE), Tron (TRX) and Uniswap (UNI).
World Liberty maintains $373 cardinal worthy of cryptocurrency assets that dwell chiefly of ETH and Wrapped Bitcoin (WBTC) according to its onchain records. The task conducted a $10 cardinal ETH acquisition during January 2023.
World Liberty debuted its DeFi level earlier the 2024 U.S. statesmanlike predetermination to supply users with earning involvement and crypto plus borrowing capabilities. The task reached 20 cardinal WLFI token income worthy $300 cardinal by Jan. 20 and planned to merchantability different 5 cardinal tokens due to the fact that of “massive demand.”
Tron laminitis Justin Sun provided $75 cardinal enactment to the task yet critics including Mark Cuban and Anthony Scaramucci person powerfully criticized the initiative. According to Cuban the determination was described arsenic “desperate” by Trump whereas Scaramucci referred to it arsenic a “scammy grift.”
Also Read: Trump-Backed WLFI and Crypto Portfolio Drops Amid Market Crash
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