World Liberty Financial, the new cryptocurrency project with the name of supporting the liberty of nations and being endorsed by former President Donald Trump and his family has recently launching in the new financial market. The initiative, which will seek to promote it as a decentralized finance platform, has attracted much attention given the fact that it enjoys great sponsorship, not to mention the intended big impact.
World Liberty Financial coin now has it first cryptocurrency called the WLF which trades at a value of $ 0.0103842. Officially, the token was launched only recently, but its value has skyrocketed to 6.61% up in the last 24 hours showing early investors interest. On the current market, the total market capitalization of the project is $384,162, ranking the project at a 4085 th place in the global cryptocurrency ratings.
Daily trading volume for WLF is $44,640 in the last 24 hours and there is a 5.13% trade H/T increase. What can be observed is that the token makes up to 11.62% of the token’s market capitalization, which is moderate trading activity for a new launched digital currency. The circulating supply of WLF tokens as claimed by the company is a staggering 9,999,371,681,469,282 which is actually 99.99% of the total amount.
The maximum supply of World Liberty Financial tokens has been limited to only 10,000,000,000,000,000 WLF tokens, and the total tokens available are also the same. This suggests that most of the launched tokens are in the market which may means that there will be little increase in the token supply in the future. One is the rather low cooked market cap, which sums up the current supply of tokens at just $360,063 as of the time of writing; the second is a slightly more elevated figure of $384,186 which takes into account the maximum supply.
This is a dramatic change in Trump’s position on the cryptocurrencies which World Liberty Financial heralds. The former president, who used to have doubts about the legitimacy of digital assets, is actively using this technology today and his own family is ready to lead this new business. Donald Jr. and Eric Trump are spearheading the project in a bid to promote the use of the platform in the management of the business.
Unfortunately, more about how this platform will work it’s still a mystery Nevertheless, World Liberty Financial is expected to provide dfin opportunities such as lending and borrowing. According to the white paper of the project, its main purpose is to bring financial services to people who have limited access to those services; and create a more efficient system than the banking industry.
Nevertheless, there has been disapproval about the formation of World Liberty Financial. The project was criticised for conflict of interest issue because of the involvement of Trump who is also aspiring to be the president of the United States most especially at this time when the project has been developed three months to the start of the presidential election. Furthermore, it is worth mentioning that some crypto specialists have doubts about its technical concept and its potential in the constantly growing and overcrowded dApps market.
The distribution of tokens has also been in the news, where a huge amount of the tokens seems to be owned by the creators and initial backers of the project. There has been controversy in the crypto space over the project’s decentralization and longevity due to this distribution mode.
Nevertheless, the company called World Liberty Financial has obtained attention of those interested in cryptocurrencies and supporters of the president. The very name of the project and the fact that it’s named after the famous Trump brand is also likely to have helped the project gain some initial traction in the market.
Just like with any other new cryptocurency project, investors are encouraged to exercise some caution and do their homework before investing in World Liberty Financial. Due to the inherent risks associated with fluctuating cryptocurrency market and given the fact that the project is relatively young at the moment, the future dynamics of the WLF token are uncertain.
It also has a clear politico-economic association to constitute an important event in the interactions of political systems and cryptocurrencies: World Liberty Financial. Isi shitsu is the positive trends of the broadening the acceptance of the digital assets together with the positive impact that personalities within the industry might come with. As the project evolves further and users get more first hand experiences on the uniqueness of the technology and the broader vision of the project, the crypto enthusiasts and political analysts will be closely following the project.
The outcome, therefore, of the performance of World Liberty Financial may extend to the political view of cryptocurrencies and thereby influence future regulatory deliberations. When elaborating the project in the future, more focused attention will have to be paid to the compliance of the created project with regulatory requirements and to whether the put-forwarded features and services of the project are actually going to be provided.
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