Imagine this scenario: someone comes up to you and says, "If you deposit $5 million with me and lock it up for six months, I guarantee you'll have the opportunity to talk to our business team."
What do you think? Maybe we can get in touch with the US president!
This is the basic logic behind the "Super Nodes" plan recently launched by Wood Liberty Financial (WLFI), a crypto project under Trump's umbrella. The plan has already been voted on by the community with a 99% approval rating. It sounds like token holders are very supportive. However, voting eligibility itself requires staking tokens first.
What can you buy with 5 million magnesium?
Locking up WLFI tokens worth $5 million (approximately 50 million tokens) for 180 consecutive days in exchange for "priority access to the WLFI business development team and executives".
It's not a contractual right, not shares, not anything legally binding. It's an "opportunity."
It means "We'll answer your call sooner" or "We'll give you a special signal account to contact us".
Another small perk is that if holders participate in at least two governance votes during the lock-up period, they can receive 2% of the WLFI tokens.
At the current price of $0.1009, a principal of $5 million would yield approximately $100,000 in profit. The annualized return is decent, especially if you disregard the fact that WLFI's price has fallen nearly 70% from its all-time high of $0.2577.
Where did the money go?
This is the real issue that large investors should be concerned about.
According to WLFI's project terms, 75% of the proceeds from the new token sale will go to DT Marks DEFI LLC, an entity owned by the Trump family.
It didn't flow back into the project's treasury, nor was it used for ecological construction; it went directly into the Trump family's pockets.
The Super Node program is essentially about continuing to sell tokens. The locked tokens don't disappear, but to keep people interested, WLFI needs to maintain market buzz, which means constantly attracting new participants. Of the tokens bought by these new participants, 75% went into the Trump family's accounts.
The total sales of WLFI tokens have now exceeded $550 million, and the Trump family estimates that they have received more than $1 billion in cash from it, in addition to approximately $3 billion in unsold tokens on paper.
The logic above is the logic of us low-level adults. I completely agree that high-level adults are willing to spend hundreds of millions or tens of millions of dollars to buy an opportunity to meet or get to know Trump (or Trump's family, or Trump's confidants, or confidants' associates).
As the old saying goes, opportunity only comes to those who are prepared. If you could buy it with money, that would be a really good deal.
Related reports
