An earlier leaked draft of an internal project outline had the founders’ share at 70%, sparking concerns that the project would be little more than a get-rich-quick scheme.
You don’t say
this post was submitted on 17 Sep 2024
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Yep. I don't really care whether or not I can buy in because I don't buy it.
You're not the target audience though... there are legions of conservatives raised on tithing to their local church that are more than happy to invest their lives' savings in owning the libs and the sheer volume of these suckers never fails to make me depressed.
I don't think that target audience is paying attention to CNBC.
Rug pull is a rug pull. More news at 11.
convicted felon releases new crypto scam for his smoothbrained supporters
lol at the fucktards who will buy this shit. But let’s recognize the reality that this is just another mechanism for putin to finance his tool.
The equity structure for these tokens will be that 20% of the project’s tokens are allotted to the founding team, which includes the Trumps, 17% of tokens are set aside for user rewards, and the remaining 63% of the coins will be made available for the public to purchase, said founder Zak Folkman.
I don't think there's any guarantee at all that all 63% of the coins "allocated to the public" will be released at first. They will probably release a fraction of that, and the constrained supply will not be enough to meet the demand from the Saudi and Russian governments looking to funnel money to Trump.
So the price will zoom up, and then they will decide whether to sell their own stash or more of the public stash into that surge. The end game is to harvest as much cash as they can from these foreign actors. And if any loyal Trumpists happen to lose their piddly life savings in the meantime, that's a chance Trump is willing to take.
World Liberty has not officially unveiled its plans for a cryptocurrency, but the white paper reviewed by CoinDesk suggested that the project will eventually sell a governance token called WLFI.
According to the document, the Ethereum-based WLFI token will be non-transferable, meaning it won't be possible to trade on the blockchain, but holders will be able to use it to vote on changes to World Liberty's development roadmap.
So you buy it, and then you can't sell it. A+, because anyone who's gonna buy this is going to see "Ethereum-based" and assume the opposite. I wonder if this will be the wakeup call 🤔
... Who am I kidding, MAGAts can't wake up. The shock would kill them, at this point.