World Liberty Financial has opened an administrative vote to Airdropping its new Stablecoin, USD1, for early WLFI holders as a test of her AirDrop mechanism.
World Liberty Financial (WLFI) has granted An administrative mood to determine whether a small amount of the newly launched Stablecoin, USD1, must be inherited to early WLFI token holders. The proposed airdrop is positioned as a test of the technical functionality of the AirDrop mechanism.
The vote will be closed on May 14 and has already seen overwhelming support from the community. According to data from The WLFI Governance ForumMore than 2.6 billion tokens – which represent around 99.97% of the votes cast – are for the proposal. A small minority, in total around 940k tokens, voted against it.
Although the AirDrop itself is not yet planned, WLFI has made it clear that the test can be changed or canceled at any time at any time.
In contrast to algorithmic and undercollateral Stablecoins, WLFI USD1 presents a fully supported, ready -to -go digitally active actual active. The currency is fully supported by reserves consisting of short -term American treasury, cash and equivalent high -quality assets. Digital Asset Custodian Bitgo will supervise the reserves that support USD1.
“USD1 offers what algorithmic and anonymous crypto projects cannot comply with the power of Defi that is supported by the credibility and guaranteeing the most respected names in traditional finances,” said WLFI co-founder Zach Witkoff.
The Stablecoin was quietly deployed at the BNB chain at the beginning of March. His presence was the first detected By blockchain Analytics firm Lookonchain, who has traced the contract into a wallet associated with Crypto Market Maker Wintermute, which indicates provisional test transactions. On March 24 CZ noted That the smart contract of the Stablecoin was deployed 20 days ago, which confirmed a launch from the beginning of March.
On March 25, WLFI formally announced the launch of USD1, which states that the Stablecoin would first become available on Ethereum (ETH) and Binance Smart Chain (BNB), with plans to extend to other blockchain networks.
