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In September, head of the elections which wrapped up earlier this week, Donald Trump became the first US president to complete a Bitcoin transaction. While monumental, this wasn’t the only achievement for Trump, the recognizable businessman and entrepreneur, who earlier this week won the election, becoming the country’s new president.
Previously, Trump showed his support for crypto and decentralized finance (DeFi). In fact, he backed a company called World Liberty Financial which has so far raised some $15 million after surpassing one billion tokens sold on Election Day.
One Billion Tokens Sold Out of 20 Billion Goal
Endorsed by Trump himself, the new crypto venture captured the attention of seasoned DeFi fans, investors and analysts. In a recent report, experts with Kryptocasinos.com examined World Liberty Financial, highlighting the product the platform offers, its features and examining whether or not investment in such tokens is worth it.
Recently, World Liberty Financial released a “Gold Paper,” outlining the project’s goals, rules and intentions. Upon launching, the project confirmed that it would supply 20 billion tokens. Come Election Day, World Liberty Financial surpassed one billion tokens sold, which as noted, represents a value of $15 million. While that’s a good result, it is far from the project’s target of $300 million.
A spokesperson for Kryptocasinos.com revealed that the recently sold one billion tokens is “slightly underwhelming” in the context of how the project is supported by Trump, one of the biggest political figures across the globe.
“One billion tokens sold is slightly underwhelming considering it was a much-anticipated project backed by one of the world’s biggest political figures, especially as he is due to be elected as the president,“
explained a spokesperson for Kryptocasinos.com
World Liberty Financial May Boost the Statewide Expansion of Crypto
According to the experts at Kryptocasinos.com, Trump’s backing and affiliation with World Liberty Financial represents a landmark moment for the crypto vertical. They added that such symbiosis between politics and finance may ultimately help raise awareness of digital currencies and propel their adoption.
Still, the experts acknowledged that such massive expansion is contingent on the “political and regulatory landscapes.” Finally, the spokesperson said: “If World Liberty Financial and Trump’s influence can foster clear, supportive regulations that protect both investors and innovators, it could pave the way for the widespread use of digital currencies.”
The platform is expected to focus on user interface design, as well as user experience, two factors that are expected to contribute by making it more intuitive and seamless. In turn, those efforts can play a key role in the expansion and its adoption across the United States.
Whatever the case, Kryptocasinos.com’s experts recommended that every cryptocurrency project needs to be researched prior to investment and anyone who makes such investments must be prepared to lose the invested sum.
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