Trump family launches new cryptocurrency World Free Finance Trump will launch his own cryptocurrency called "World Free Finance" (WLFI) on Tuesday, October 15. This project is led by his sons Donald Jr. and Eric. The WLFI token is said to provide cryptocurrency lending and investment services on a decentralized platform, but it is only available to US investors and they have to pass the KYC test. Trump's fans are very excited and think this is a sign that he is really interested in cryptocurrency. However, many people in the cryptocurrency circle don't think so. They have a lot of opinions about the transparency and decentralization of this project. For example, Billy Marcus, the founder of Dogecoin, criticized it directly, saying that Trump's move would not be good for his presidential ambitions. Moreover, the WLFI token is a governance token, and holders can vote and control the direction of the project. But the problem is that 70% of the tokens are reserved for founders and service providers, and only 30% are sold publicly. How can people believe that it is "truly decentralized"? The first phase of WLFI is to build a DeFi lending platform on Ethereum's second-layer solution "Scroll", supporting Bitcoin, Ether and stablecoins. They also plan to develop a credit card centered on stablecoins, integrate with exchanges to simplify transactions, and in the future, they also want to decentralize the ownership of real-world assets such as hotels and clubs. However, there are not many details about the project now, and people are still worried about its degree of decentralization. In addition, Zachary Folkman, the person in charge of this project, and Chase Hero previously built a DeFi platform called "Do Finance", which was hacked in July and lost $2 million. Now that they are using similar code, can people not worry about the security of WLFI? Although Trump has always said that he supports cryptocurrencies and said that he would fire Gary Gensler, chairman of the U.S. Securities and Exchange Commission, appoint a cryptocurrency advisory committee, and formulate clear regulatory rules for the industry. But when he launched WLFI, everyone's reactions were quite different. Let's wait and see whether this project can stand the test of the market! #美国大选如何影响加密产业？ #Meme浪潮持续，你看好哪一个？ #PeterTodd否认自己是中本聪 $BTC