It was sometime earlier this week that I saw a message from our @raymondspeaks in the Bro Discord about an upcoming crypto project, promoted by none other than Donald J. Trump. And the enthusiasm of our Ray was great. Now everyone who knows Ray a little knows that this is not entirely exceptional, but it still piqued my curiosity to search further to see if there was any information available. It is crypto anyway, and you have to know what is happening in the crypto world. I also want to know what something is and what it does, and the most important thing these days ... I don't believe anything or anyone just on his or her beautiful blue eyes and a few words. So I went looking. Will you watch my findings?

The video on Twitter is clear. 8 pm is the launch of World Liberty Financial via Twitter Spaces. But who is behind it, and what is the intention?

The New Crypto Dream or DeFi Nightmare?

In the world of crypto, there are surprises every day, we are now familiar with multiple scandals, a hack here or there is nothing to be scared of for anyone. But perhaps the latest adventure of Donald Trump and sons can put us back on edge, and bring some excitement back into the crypto world. World Liberty Financial. It could just be the newest and biggest crypto dream ever! Or .... maybe it is more of a nightmare for the average crypto enthusiast. What is it?

Change Of Mind

For fun, let's start at the very beginning. Former President Trump once called Bitcoin a scam, but is now officially Chief Crypto Advocate of World Liberty Financial. It is, to say the least, a bit of a strange turn he is making here. But of course, everyone has the right to change their mind. And the idea behind World Liberty Financial: "taking power out of the hands of the traditional banks and giving it back to the people", of course, sounds like the big crypto dream! I'll be honest, why should we trust banks when we can trust an ex-president with three bankruptcies?

Now, the former president is not the only Trump in this project. No, no! Sons Don Jr and Eric are the "Web3Ambassodors" of the project and 18-year-old Barron owns the beautiful job title of "DeFi Visionary". Sounds great, right? World Liberty Financial will run on Aave, a decentralized lending platform on Ethereum. And of course, this is super safe, as proven by the history of Aave. This history mainly consists of opaque transactions and a few cases of "unintentional" hacks.

Now, let's talk about the allocation of the funds of World Liberty Financial. Of course, not all information is known yet. After all, it has yet to be launched. However, there was some information here and there and both Markets Insider and CoinDesk told me that the payday of the Trumps and team who would run the project is not exactly cheap. A whopping 70% of World Liberty Financial tokens would disappear into the team’s wallets. It sounds like the kind of reward no other project has ever dared to dream of. Just as a little reminder, Satoshi Nakamoto’s wallet (as far as we know) holds an estimated 5% of the total supply. And the initial distribution of Ethereum was: 83.33% for Ethereum Crowdsale. 16.68% for Ethereum Foundation, Early Contributors & Others.

How To Pick Up Women Crypto!

So World Liberty Finance wants to set up a DeFi lending project as far as we know. Great, they don’t exist yet! But not so long ago, Dough Finance got hacked for about 2 million, and the people behind that project are also supposedly on the World Liberation Finance team. I don’t know, but I don’t get the feeling that they’re going to take good care of my hard-earned money. And one of these people is not only familiar with crypto (hacks), but once coached, "how to pick up women". I would almost conclude that you can use the same tricks to "charm" both women and millions of dollars. Whether it really works like that, we will have to wait and see. The 2 million dollar hack has certainly embarrassed Dough Finance. And the fact that this was a dubious hack does not make it any better. But hey, what is a little hacking if you are making a nice profit yourself?

Expectations?

Of course, we are completely in line with the trend of being inundated with the usual Trumpian promises of "the biggest crypto revolution ever" and the guarantee that this coin will make "America First" in recent weeks. The fact that the project is under scrutiny for fraudulent practices and suspicious revenue models does not matter. We all know that if your name is Donald Trump, you can always win, even if you lose.

Trump himself is known for always being the winner. Just remember that where someone wins, someone else always loses. And this time it could be many people who lose where Trump wins anyway, because he never loses! In the worst case where Donald Trump wins, and everyone else loses, there will be a new reality show.

So get ready, today at 8 pm US time on Twitter Spaces, for the launch of World Liberty Financial. A crypto project led by an ex-president with his proud sons next to him and supported by a team with hacking experience in the pocket and a former pick-up artist. What could go wrong?

Critical Note

By the way, this Market Musings is not financial advice in any way.

It is intended for entertainment purposes only. Without the platform being officially launched I cannot give an honest assessment at all. Only loose information found on the internet is not enough to make actual statements about the feasibility and realistic expectations. My point is, be careful and think carefully BEFORE you do something you might regret.