Trump-backed cryptocurrency firm World Liberty Financial (WLFI) published a new governance proposal. It suggests a test airdrop of the firm’s USD1 stablecoin to all of the WLFI token owners that qualify.
The proposal suggests a predefined amount per wallet. It is aimed at both testing the airdrop system of the project and rewarding its earliest adopters.
According to the announcement, the distribution will take place on Ethereum’s mainnet. It targets wallets that currently hold WLFI tokens. Eligibility criteria will be confirmed later. Though still subject to a community vote, the airdrop would be funded by World Liberty Financial, Inc.
The proposal emphasizes three objectives. One, to conduct a live test of the airdrop system. Two, to spur interest and awareness for USD1 ahead of schedule. Three, to show appreciation to early WLFI adopters.
The fixed amount of USD1 per wallet will be allocated according to the number of participating entities and available funding. WLFI intends to leverage this airdrop as one of the steps toward expanded market access.
The operation will proceed in accordance with the common steps of governance. Community feedback will be requested by the team prior to determining the airdrop amount. Next follows voting, execution, and public declaration of distribution.
Governance set to vote on Trump airdrop
However, the options are “Yes” to conduct the airdrop, “No” to defer, and “Abstain.” According to the proposal, this distribution is by no means a test. It is also a strategic effort toward gaining confidence in the platform and smart contracts.
If approved, WLFI states that this will bolster confidence, provide system dependability, and facilitate the introduction of the USD1 to broader circulation before market launch.
The firm emphasizes that even if approved, it still holds complete latitude to modify or terminate the test. Changes in the rules of eligibility are also in their domain. Its board of governance’s vote will decide what is next.
If approved, WLFI says this move will reinforce trust, ensure system reliability, and help bring USD1 into wider circulation ahead of its market debut.
Nonetheless, the Trump haven’t issued a direct statement, yet the proposal is a milestone for their cryptocurrency dreams. All that remains is the vote on governance, following community feedback that’s underway.
