Hello friends, today we are going to talk about WLFI which is flying the banner of Trump.

What is WLFI

To talk about $WLFI, we must first talk about what WLF is. The full name of WLF is World Liberty Financial, which means "World Free Finance".

Why is it named so big? Its vision is to promote financial democracy and consolidate the status of the US dollar. The tone of this speech is very similar to when I go to the temple to pray, the wish I make in my heart is "I hope for world peace".

There is another important factor that has attracted so much attention to this project: Trump’s support. When you enter the official website homepage, there is a huge old man with his head tilted and his fist raised. In the lower right corner of each page of the white paper, there is also an old man with a frown, gray hair, but a firm gaze.

Uncle Trump’s title in the project is Chief Crypto Advocate. I understand that his main job is to promote the project, including but not limited to tweeting. In the list of supporters, there are three people with the last name Trump, who are probably close relatives.

Under the grand vision, although nothing has been done yet, it does not delay the issuance of coins. Its token is called WLFI, and the current price on the website is $0.015 per coin.

It doesn't look expensive, so why not buy some? I strongly recommend reading this article before making any plans.

Token Status

According to the white paper, there are a total of 100 billion WLFIs.

These tokens are classified as follows:

1) 35% is for sale, a total of 35 billion pieces. Based on the current price of 0.015 per piece, the amount after all are sold is 520 million US dollars. Online sales began on October 15. Currently, this batch is expected to sell 2 billion pieces. As of October 17, a total of 800 million pieces have been sold, with a revenue of 12 million US dollars.

2) 32.5% is used for community incentives, a total of 32.5 billion.

3) 30% is for initial supporters, a total of 30 billion. Who are the initial supporters? A bunch of big guys whose titles start with C, of ​​course including Uncle Chuan and his relatives.

4) 2.5% is used for the team and consultants, a total of 2.5 billion. The last little bit is given to the team, proving that the team is not large or the team does not rely on this to support their family.

Currently, the most important feature of WLFI is that it is “non-transferable” and can only be used for voting.

The tokens cannot be traded, what are you doing?

Do Uncle Chuan and his relatives still have money to earn?

Of course there is money to be made. Let’s see what the white paper says.

First of all, is there any profit? Tokens cannot be traded, but you cannot trade them after you buy them. However, the project party can sell them to you, which is the main source of profit. Other sources include but are not limited to: advertising, platform usage fees and others.

How will the profits be distributed? After deducting operating expenses, these revenues will be paid to DT Marks DEFI LLC, Axiom Management Group LLC, and WC Digital Fi LLC. These are three companies, which are related entities of the founders' initial supporters. Specifically, Uncle Chuan and his relatives, as well as the companies of other co-founders.

So, do you understand? What you get when you buy tokens is the right to vote, while the project owner only has the obligation to collect money.

A friend said that it doesn’t matter if the exchange cannot be opened now, it will be opened in the future. Indeed, many people think so. In the WLF community, there are only two topics of discussion: 1-Can the exchange be opened, and 2-The exchange is selling too slowly.

Let's focus on the issue of whether trading can be opened up.

Can buying and selling be opened through voting?

Let me first state the conclusion. Under the current voting decision-making mechanism, buying and selling will not be open.

Let’s take a moment to look at how the proposal voting process is specified in the white paper.

Community proposal--WLF company review--vote--WLF company review--execution

Did you see that? It seems that the community can propose, vote, and promote implementation, but WLF can stand up and say NO at every stage! WLF only needs to make its own decisions and will not accept reconsideration.

The community's proposal voting is just a game, and the company can terminate it at any stage, which means that as long as WLF does not agree, it will not be open. The company also tactfully shattered everyone's fantasy in the white paper:

Let me translate: Even though (theoretically) the agreement may change in the future, you'd better not have such expectations (because the company has the highest decision-making power).

If trading is not possible now, will it be possible in the future?

Are you asking if it will be possible after the election? My answer is that it will still not be open for trading.

I don’t know if you have heard of the “duck theory”. It roughly means that if there is something that looks like a duck, swims like a duck, and quacks like a duck, then it is most likely a duck.

The SEC is the U.S. Securities and Exchange Commission, and it has the same understanding of securities: if something can raise funds like a security, trade like a security, and earn income by holding it like a security, then it is most likely a security and should be regulated like a security.

Applying the duck theory and the concept of securities, do you think that in the eyes of the SEC, the project party that issues the currency is issuing securities? The current supervision is actually still in a gray area, and there is still debate about whether crypto assets are assets or currencies. Do you think it is unnecessary for a person who has attracted worldwide attention to put himself in such a gray area? There is always a risk of being called up by financial regulators to accuse him of a crime.

So from the current white paper, the project has made as many arrangements as possible to tell the SEC that this is not a security. For example, on the first page of the white paper, it is written in bold: Not for sale to Americans! The token is set as a non-tradable attribute, and the project is repeatedly emphasized to have nothing to do with politics. The only purpose is to shut the SEC up completely and not dig holes for the future.

If Uncle Chuan could become the richest man in the world, he would not open up token trading for such a small amount of money and put himself in danger.

What if he is not elected? If Trump is not elected, he is just an 80-year-old opposition party man. What you have in your hand is just a lottery ticket that you did not win. What difference does it make whether you can trade it or not?

If elected, trading will not be open; if not elected, the token will have no value.

Can I buy it?

After saying so much, just tell me if I can buy it.

If you are willing to believe that this company can build a better Defi tomorrow, and you are willing to support Uncle Chuan and hope to contribute to his great cause, then buy it, and you can still hear the sound of money thrown into the water.

But if you have financial purposes, there are many better targets and you don't need to waste your time here.

No matter if the project owner is just cheating under the banner of Mr. Chuan, or just trying to raise some money for the election.

In fact, none of it matters. After reading the white paper carefully, you will understand that retail investors who buy coins are just courting disaster.




#WLF #TrumpFamilyCryptoProject