World Liberty Financial (WLFI), a crypto venture affiliated with US President Donald Trump, plans to distribute 8.4 million WLFI tokens worth about $1.2 million to the first participants in the USD1 stablecoin loyalty program.
The airdrop will reward users who join the USD1 Points program, which was launched two months ago to promote the adoption of US dollar Liberty’s Dollar-Backed StableCoin. Participants earn points by trading USD1 pairs on partner exchanges and maintaining balances.
“The criteria and eligibility for earning points and rewards and distribution details may vary based on the policies of each exchange,” the company said. said in a Wednesday post on X.
World Liberty added that the initial distribution of WLFI will take place on six exchanges, including Gate.io, Kucoin, LBank, HTX Global, Flipster and MEXC, with eligibility and rewards determined by each platform.
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World Liberty to Expand Punto Program
World Liberty said the points initiative will expand to include new areas, decentralized financial integration and more ways for users to earn and redeem. “This is just the beginning,” the company wrote.
USD1, issued by World Liberty Financial and Custodied by Bitgo, ranks as the sixth largest StableCoin in the world with a market cap of $2.94 billion, according to data from CoinmarketCap.
Earlier this year, Eric Trump announced that Abu Dhabi investment firm MGX would use USD1 to Leverage its $2 billion investment in Binancemarking the first institutional investment in the exchange.
WLFI is currently trading at $0.14, down 0.5% in the past 24 hours, data from CoinMarketCap shows. The token is down nearly 70% from the all-time high of $0.46 registered in September.
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Trump’s Crypto Empire nets over $1 billion in revenue
Trump’s second term has coincided with a massive surge in his personal fortune, boosted largely by the family’s cryptocurrency ventures. According to a recent Financial investigation, Trump’s Crypto Empire has generated more than $ 1 billion on the pre-tax income of the previous year.
At the center of this windfall is World Liberty Financial. Trump Announced $57.4 million in revenue from the firm in June. However, the family stake advance to $ 5 billion After a recent token unlock. The FT estimated that they earned $550 million from WLFI alone this year.
The Trump family has also benefited from its branded memecoins, Trump officially (Trump) and official Melania meme (Melania), earned nearly $427 million combined. In addition, their USD1 StableCoin has brought in $42 million in revenue since April.
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