Trump-Backed Crypto Platform Faces Scrutiny Over Insider Token Allocatio. A Staggering 70% Of World Liberty Financial Tokens Will Be Held By Insiders, White Paper Reveals.

Benzinga 2024-09-05

Views 10.2K

World Liberty Financial, a new crypto lending platform promoted by Donald Trump and his family, promises to return financial power to the people. However, a draft white paper obtained by CoinDesk reveals that 70% of the platform’s governance token will be held by insiders, raising questions about the platform's decentralization. In comparison, Ethereum allocated nearly 16% of tokens to insiders at launch. The project has attracted skepticism from industry experts and Trump supporters, with concerns over governance, potential hacks, and SEC scrutiny.

Share This Video


Download

  
Report form
RELATED VIDEOS