#TrumpTaxCuts The Trump family has ventured into the world of cryptocurrencies with two notable projects: the governance token WLFI and the memecoin $TRUMP. Below, I present a summary of both:

🏛️ World Liberty Financial (WLFI)

WLFI is a non-transferable governance token promoted by Donald Trump and his children. Its goal is to allow holders to participate in decisions about the World Liberty Financial platform, a DeFi initiative backed by the Trump family. The token is offered exclusively to accredited investors under the SEC's Regulation D exemption, meaning it is not available to the general public.

CoinDesk

Key details:

Distribution: 63% for accredited public, 17% for rewards, and 20% for the team.

Utility: Currently limited, as the platform is still in development and there are no active decisions to vote on.

Initial fundraising: Despite expectations, the initial sale was modest, raising around $11.8 million due to technical issues and lack of clarity regarding the token's utility.

🐘 Memecoin

The $TRUMP is a memecoin launched by Donald Trump as a form of symbolic expression of support.

Initial value: Launched at $10, it reached up to $72 in two days, with a market capitalization that reached $72 billion.

Distribution: 80% of the tokens are in the hands of entities linked to the Trump family.

Incentives: Trump announced a private dinner for the top 220 token holders, with an additional VIP event for the top 25, which generated criticism for potential ethical conflicts.

🧭 Perspectives and controversies

Both projects have been subject to scrutiny:

WLFI: Criticized for its lack of transparency and limited utility in its initial phase.

$TRUMP: Raised ethical concerns due to the concentration of tokens in the hands of the Trump family and the incentives offered to major investors.