WLFI co-founder responds to recent concerns: WLFI is not related to the TRUMP meme coin, CIC Digital Company, or other projects/entities. Its main product is the USD1 stablecoin, not transaction fees.
Odaily reported that, in response to recent concentrated doubts on Platform X regarding the WLFI project, WLFI co-founder Zach Witkoff responded in a post: "You lack a basic understanding of the facts here. There’s too much to rebut, so let me start with a few basic facts:
1. You are conflating the WLFI project with the Trump meme coin—they are completely unrelated;
2. WLFI has no connection whatsoever with 'fight fight fight' or CIC Digital Company;
3. Our early holders bought in at $0.015 and $0.05, and today's price is $0.08;
4. Transaction fees are not our core product; our main product is a stablecoin that generates yield by holding government bonds. Our stablecoin is the second largest compliant stablecoin by trading volume and market cap, which is no small achievement. Before writing a long thread, you should try to do a bit more research."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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