Trump-family-backed DeFi venture World Liberty Financial is set to airdrop $1.2 million worth of WLFI tokens to reward the early participants under its USD1 stablecoin loyalty program.
“From Day One, the USD1 Points Program aimed to redefine how users are recognized for driving the adoption and use of a top 10 stablecoin. Now, only two months in, the vision is becoming reality. CEX partners are distributing 8.4 Million $WLFI to adopters of the USD1 points program,” the WLFI team wrote in a recent X post.
Who are eligible for the WLFI airdrop?
World Liberty launched its USD1 Points Program in late August to promote the adoption of USD1 by rewarding early participants for their trading activity and wallet balances across partner platforms.
Only users who earned points by either trading USD1 pairs or maintaining USD1 holdings on supported exchanges such as Gate.io, KuCoin, LBank, HTX, Flipster, and MEXC are now eligible to receive a share of the 8.4 million WLFI token distribution.
However, according to the project team, “the criteria and eligibility for earning points and rewards and distribution details may vary based on each exchange’s rules.”
“Users participate at their own risk and should review any disclosures, eligibility requirements, or terms and conditions provided by the exchange. These exchanges are not managed or controlled in any way by World Liberty Financial Inc. or affiliated entities,” it added.
At the moment, the airdrop will be distributed across the aforementioned exchanges only, but the project said there are plans to “continue expanding” the points program with “more venues and ways to earn points,” alongside future integration plans with more DeFi platforms and new trading pairs.
USD1 currently ranks as the sixth-largest stablecoin by market capitalisation.
Since its launch earlier this year, the project has expanded its reach through loyalty programs, institutional partnerships, and new payment products such as an upcoming debit card linked to Apple Pay.
WLFI price remains under pressure
The airdrop announcement managed to generate some hype around the WLFI token, translating into a short rally in the aftermath of the news.
At press time, WLFI was up over 4% in the past 24 hours, but was still down more than 54% from its all-time high recorded in September.
Concerns over US President Donald Trump’s financial involvement with WLFI, ongoing political scrutiny, and the family’s billion-dollar profits from crypto ventures have weighed on investor sentiment, as the token has struggled to maintain momentum over the past few months.
To reinstate user confidence in the project, World Liberty announced new products, partnerships, and a burn program in September, following a community vote to allocate all liquidity fees toward buybacks and token burns.
Shortly after, the project burned 47 million tokens, and subsequently burned another 175 million WLFI tokens on Oct. 28.
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