A comprehensive review of Trump concept coins that made it onto the cover of Time

This article is machine translated
Show original
On the evening of December 12th, Beijing time, Time magazine announced that US President-elect Trump was named its Person of the Year, triggering a further rise in related cryptocurrencies. Later, when asked about a "crypto asset strategic reserve" on the New York Stock Exchange, Trump said he would "do some great things in the field of cryptocurrencies." This is the first time the US president has shown such support for cryptocurrencies. What crypto assets are related to him? Do these Trump-related targets still have room for upside before his inauguration in January? Let's take a look at the inventory and analysis. WLFI is most closely associated with Trump, but may not be the best investment target. WLFI is the token of the Trump family's crypto project World Liberty Financial, but the token terms and utility are not ideal, and most of the project's revenue will flow to Trump rather than token holders: - Terms and Utility: According to the updated terms and conditions of the WLFI token sale, WLFI is only used for governance and not as an investment tool; all WLFI are currently locked indefinitely in wallets or smart contracts and are non-transferable; if you want to unlock the transferability of WLFI in the future through the protocol governance process, you must meet the following conditions: confirm that it does not violate applicable laws, at least 12 months after the token sale is completed; since the tokens are non-transferable, the company has not taken any action and does not plan to create a secondary market for the tokens; token purchases are non-refundable unless required by applicable law; WLF reserves the right to reject or cancel token purchase requests. - According to the "World Liberty Gold Paper" document, about $30 million of the initial WLFI revenue is designated as a reserve fund to pay for operating expenses and other financial obligations. The Delaware-based company DT Marks DEFI LLC, which is associated with Trump, will receive 75% of the net protocol revenue. The Trump family will receive 225 billion WLFI tokens, worth about $337.5 million at the issue price of $0.015. The remaining 25% of net protocol revenue will go to Axiom Management Group (AMG), a Puerto Rico-based company fully owned by project co-founders Chase Herro and Zachary Folkman. AMG has agreed to allocate half of its revenue rights to companies affiliated with Trump's friend and political donor Steve Witkoff and some of his family members. Directly investing in Trump family crypto projects may not be worthwhile, but betting on crypto-native projects that the project has chosen to collaborate with and already have a good fundamental background may have a higher chance of success. World Liberty will deploy AAVE V3 instances on Ethereum and Scroll. Scroll co-founder Sandy Peng is also an advisor to the World Liberty project. The project's on-chain data and cross-chain connections will also adopt the Chainlink standard. According to on-chain data, the World Liberty project wallet has bought ETH, LINK, and AAVE tokens, which is also the main news driver for the big gains in AAVE and LINK on December 12th. The above crypto-native projects, in addition to their association with Trump, also have good fundamentals on their own, making them more suitable for "value investing". For example, Chainlink is the industry-leading oracle, and is also working on tokenization and cross-chain directions; Aave is the largest lending protocol on-chain, and its project indicators are currently at historical highs, but the token price is less than half of the historical high... RSR is the token of the DeFi protocol Reserve Rights, which has no direct connection with Trump, but Trump's chosen next chairman of the US Securities and Exchange Commission (SEC), Paul Atkins, is an advisor to the project. DYDX and SOL are also not directly related to Trump, but they are projects invested in by David O. Sacks, the "crypto tsar" chosen by Trump, through his Craft Ventures. Trump-concept related meme coins are also worth watching, with larger market caps including: - TRUMP on Ethereum, currently with a market cap of over $80 million, down nearly 90% from its high in early June this year. - TREMP on Solana, with a token name and logo in a quirky style, currently with a market cap of $10 million. - MAGA (Maga Hat), with Trump's signature slogan and campaign hat logo, currently with a market cap of $39 million.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments