Tech
Announcement of New Cryptocurrency Platform by Donald Trump
Donald Trump has announced a new cryptocurrency platform that is creating excitement in the financial world. This innovation offers significant opportunities for cryptocurrency investors. Learn about Trump’s vision and strategies.
Former U.S. President Donald Trump introduced a new cryptocurrency platform on Thursday through a post on the social media platform Truth Social. While Trump’s post didn’t provide many details, he and his sons claimed that the platform would target communities with inadequate access to financial services.
In Trump’s post, the statement “The average American has been squeezed by big banks and financial elites for far too long” stands out. Another interesting aspect of this post is that Trump has coined a special slogan for this project: #BeDefiant. This slogan is inspired by the platform’s name, The DeFiant Ones (meaning “decentralized finance”).
This post by Trump on Truth Social directs users to a Telegram channel for the yet-to-be-released platform. In this channel, posts titled “The one official Telegram channel for the Trump DeFi project” date back to August 15. However, there is no clear information about exactly what the project will be—whether it will be a decentralized autonomous organization, a new coin, a trading market, or a cryptocurrency blog or publication.
Trademark Applications Filed
Meanwhile, in July, a company named AMG Software Solutions filed trademark applications for the terms “Be DeFiant,” “World Liberty,” and “World Liberty Financial.” Notably, the trademark application for World Liberty Financial includes the expression “providing financial information in the decentralized finance (DeFi) sector.”
Trump’s sons Donald Jr. and Eric emphasized the goal of providing solutions for underserved communities in their recent interviews about the project. Eric Trump stated in an interview with the New York Post, “Essentially, more than half of this country cannot access the banking system right now. This means they won’t be able to get credit from most institutions. However, thanks to this technology, they will have the opportunity to get credit approval or denial based on mathematics, not politics. Money could be transferred to their accounts in minutes, not months.”
It seems that Trump has taken a bold step to win over Americans facing financial difficulties and excluded from the banking system. Now, the question is how much this initiative will affect their votes in the elections.