WLFI proposes USD1 airdrop – amid criticism of Trump’s crypto ventures and a possible conflict of interest between political influence and financial involvement. The proposal itself is aimed at testing the airdrop mechanism in a live environment, which is necessary to verify smart contract functionality and preparedness. WLFI does not comment on Trump’s level of involvement and even states that the momentum behind USD1 is real — and we’re just getting started.
Details of the WLFI Airdrop Proposal
So, the vote has begun on the test airdrop of the USD1 stablecoin, which is backed by U.S. Treasury bills, bank deposits, and their equivalents and is already integrated into the Lista DAO ecosystem. The distribution will target WLFI token holders and is positioned as a way to simultaneously test smart contracts in a live environment and thank early supporters for participating in the ecosystem.
“Testing the airdrop mechanism in a live environment is necessary to verify smart contract functionality and preparedness. This distribution is also a good way to show our appreciation towards our earliest adopters and get them used to USD1.”
Although the specific distribution amounts have not been announced, it is expected that they will be determined based on the number of eligible wallets and the initiative’s available budget. The vote, which ends on May 14, has already received support from 2.6 billion votes (99.97%).
Another important aspect is that WLFI reserves the right to “discontinue, suspend, modify or terminate the test airdrop” at any time.
The Broader Context of Criticism Toward Trump and Connections to WLFI and USD1
An interesting aspect that can’t be ignored is the combination of Trump’s clear influence on U.S. politics and the economy with through his involvement in crypto ventures. In particular, recently at the FT Digital Asset Summit, SkyBridge Capital founder and former White House Communications Director Anthony Scaramucci sharply criticized the Trump family’s involvement in the crypto business, directly referencing WLFI, TRUMP token, and USD1. Among his remarks:
“We came close to getting a stablecoin bill, but Trump has been so outrageously brazen with his ownership of a crypto company, a stablecoin. Enriching himself and his family, coaxing investors by bringing them to the White House. It’s just too much.”
Of course, the statements from WLFI and the USD1 initiative are not a direct response to such criticism, but it’s hard not to notice how strongly they resonate with each other. For example, WLFI described the initiative as:
“The momentum behind USD1 is real — and we’re just getting started.”
Conclusion
Perhaps never before in history have we witnessed such a dense and rapid convergence of various initiatives and interests. In a world where crypto enthusiasts have long lived in Web3, and venture capital and even entire nations suddenly recognize its value, such effects are inevitable.
For our part, we continue to use these opportunities and have to keep updating our strategy in light of the growing number of participants and factors.
