The rare time when Coindesk does some interesting reporting. Following the news that the Trump crypto project (World Liberty Financial) is built on code from another project that was hacked, now they've gotten ahold of the project's white paper, and it turns out that the project gives a ludicrously high -- even by crypto scam standards -- amount of the controlling tokens to insiders.
My favorite line, because I'm sure the reporter couldn't even try to keep a straight face when writing it, is:
World Liberty Financial's allocation raises the question of whether the project is an attempt to cash in on the Trump family's fame rather than build a novel DeFi platform.
Needless to say, the answer's pretty clear.
This pre-mine concept reminds me of ETH.
62% pre-mined for the benefit of the upper echelon.
Another one of those scheme?