MAGA (magamemecoin.com) Price

Trump's cryptocurrency project, now rebranded as "World Liberty Financial," is a DeFi (decentralized finance) banking startup company. Here are the key details about the project:

1. Project Background:

2. The project is supported by Trump and his son, aiming to challenge traditional banking systems.

3. Trump stated at the 2024 Bitcoin Conference that the United States must lead the cryptocurrency field or risk being dominated by China.

4. Project Name and Warning:

5. The project name changed from "The DeFiant Ones" to "World Liberty Financial," with a warning issued on the official Telegram channel cautioning against trading tokens claiming to be associated with "The DeFiant Ones" or "World Liberty."

6. Token Distribution:

7. The project will sell and distribute tokens to affluent investors meeting specific income and net asset criteria.

8. The token structure has been revealed, raising concerns about potential conflicts of interest.

9. Trump's Cryptocurrency Stance:

10. Trump has stated that if he returns to the White House, he will ensure that the federal government never sells its holdings of Bitcoin and plans to establish a Cryptocurrency Presidential Advisory Board.

11. He also promised to establish a national "Bitcoin Reserve" using the cryptocurrency currently held by the US government.