Donald Trump’s World Liberty Financial project took a remarkable step in the crypto field with the launch of the stablecoin named USD1 on BNB Chain. The token is still in the test process and that the on-achain data showed that the smart contract was commissioned 20 days ago. Although there is no official statement about the project, it is stated that market actors closely follow this development.
WLFI Project and Test Process
On-Chain data on the project reveal that stablecoin is in the test phase. The market -maker Wintermute was informed that he had performed tests. The fact that the official announcement is not yet included shows that uncertainties related to the process continue. The details of the process of the token in the market are expected to be announced by official sources in the coming days.
Fake tokens, of course, came into play with this announcement and made both WLFI and CZ warnings.
Explanations of Binance Founder
Binance’s founder Changpeng “CZ” Zhao said that Wlfi positively welcomed the participation of BNB Chain ecosystem. On-Chain was in line with the data, the token was commissioned 20 days ago.
Changpeng “CZ” ZHAO: “The WLFI project joins Bnb Chain, promising for my ecosystem.”
In addition, a hundred million dollar liquidity program was implemented to support BNB Chain ecosystem. The program foresees the distribution of prizes in line with the token listing of stock exchanges in order to make the tokens on the network more actively in the market. This incentive aims to support the growth of projects in the ecosystem.
BNB Chain plans to support the project to cover initiatives in different sectors such as breast, artificial intelligence, defi and games. Listing stock exchanges are encouraged with different awards according to T1, T2 and T3 categories. It is foreseen to provide higher support for lists in the top exchanges.
Projects and ecosystem supports are expected to contribute to an increase in transaction volume on BNB Chain. Thus, with the strengthening of technological infrastructure, positive signals can be obtained for the development of the sector. Such steps for viewers can provide information about the innovations in the sector.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
