World Liberty Financial (WLFI), the Defi project that is partly owned by the Donald Trump family, has opened a community vote to decide whether they will continue with an airdrop of his new Stablecoin, USD1.
From the moment of the press, 99.98% of voters supported the proposal, which represents around 4 billion WLFI tokens. Only a small fraction, equal to 0.02% or about 958,000 tokens, voted against it.
As mentioned on the official forum of the project, the board process started on 6 May and will remain open until 13 May.
The AirDrop serves three primary purposes. Firstly, it is intended to test the AirDrop infrastructure of WLFI in a living environment. Secondly, early supporters offers a first interaction with USD1 before the public launch.
Finally, the relocation will stimulate the first visibility and consciousness for USD1 before the wider market access.
So when the community voice passes, WLFI will continue with the AirDrop and issue a public notification as soon as it starts.
However, the team clarified that the final amount of USD1 that is not distributed has not been set and will depend on the number of eligible portfolios and available sources.
WLFI also stated that it retains the full discretion to change, postpone or cancel the AirDrop, regardless of the outcome of the vote.
USD1 is in the top five stablecoins
Despite the recent launch, USD1 Snel Momentum has received and is now one of the top five stablecoins through market capitalization.
Data of CryptoSlate Show that the market capitalization of USD1 has already surpassed $ 2 billion, so that it is put behind major players such as USDT, USDC, DAI and Usde.
In addition, the Stablecoin has seen growing integration on large trading platforms, including HTX and Defi protocols such as Lista Dao.
In addition, the investment firm MGX, established in Abu Dhabi, will use the digital active to arrange its $ 2 billion investment in Binance, the largest crypto-trade platform in the world.
USD1 is fully supported by US dollar reserves, short -term treasury securities and other liquid assets, whereby a 1: 1 PEG with the dollar is guaranteed.