Why Trump’s global financial freedom left investors not impressed

Donald Trump and his sons announced the launch of their DeFi venture, World Freedom Financial (WLFI), at an X-Space session on Monday. The 143-minute event, however, missed the mark, according to some crypto investors.

World Liberty Finance is positioned as a decentralized lending platform, with Donald Jr. and Eric Trump playing key roles.

The financial freedom of the world is not as impressive as crypto investors say

Donald Trump's family launched World Liberty Financial (WLFI) on Monday, committed to democratizing finance and depoliticizing it. The venture aims to provide crypto assets for easy borrowing and lending to individuals who are often excluded by traditional banks.

Despite this ambitious mission, crypto investors are not impressed. Many have expressed doubts about the project's viability, with doubts surrounding its business model and whether it can actually deliver on its promises.

“We're over two hours into this Trump crypto call and they still haven't talked about what the platform is doing. Listeners dropped from 150,000 to 47,000. What a wasted opportunity!” Wayne Vaughan, CEO of blockchain company Tierion, shared this during Monday's X Spaces mid.

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“I'll never get those two hours and 23 minutes back,” Vaughan added, criticizing the excessively long session that failed to provide concrete details about World Freedom Financial (WLFI). The participants left the session without key information, such as how WMFI works, who the target customer base is, or how the decentralized lending protocol will generate revenue.

An additional disappointment came from the fact that the WLFI token was only available to accredited investors who met a certain level of wealth, excluding the wider audience who were interested in participating.

“It's not for retail, so it defeats the message that retail is not poor and stupid,” crypto YouTuber Wendy O. said.

While it may not be able to impress crypto investors, World Liberty Financial has plans for more initiatives. Fox Business reported on Telegram's launch of a non-transferable “Management” token that will allow investors to vote. This token gives holders voting rights for future developments.

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Despite its unlikely debut, few applaud the Trump family for their bold foray into digital finance. This sentiment stems from Global Freedom Financial's integration with Aave, the market leader in decentralized lending.

“We are not another fork of the enemy of Ave. History has shown that they don't work. We are partnering with Aave to create a platform that will set new standards and push all DeFi forward, World Liberty Financial said.