The failure of WLFI is largely due to the neglect of several important aspects. First, a cryptocurrency project based on hype and hype alone cannot be sustainable. Investors now want to see real value, practical application and project development. Second, WLFI could not demonstrate a sufficiently attractive business model or clear objectives. Also, only 858.65 million tokens were sold against a supply of 20 billion tokens, reflecting weak demand and a crisis of confidence in the market.
The Daily Leo #573
ALOKKUMAR121
OCT 18 https://open.substack.com/pub/inleo/p/why-wlfi-is-such-a-failure?r=1nhyen&utm_campaign=post&utm_medium=email.Source
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Why WLFI Is Such A Failure
WLFI (World Liberty Finance) is a coin introduced by Trump and there was a lot of hype but seems like that is not going well. This project seems to be a failure because of some reasons. The crypto market has grown a lot in the last few years and every new project has to follow certain criteria to get success here but sadly WLFI did not follow. Only 858.65 million tokens are sold out of a total supply of 20 billion tokens which is a low
Ripple is not a new project in the crypto market and now its known as XRP. The team has been working on their stablecoin and seems they are going to launch it soon. This stablecoin is backed by USD and currently its waiting for approval from the New York Department of Financial Services. Once approval is obtained then we are going to see it live and it is expected to happen this year or maybe early next year
TikTok is a popular app worldwide, and this has been going through scrutiny by UK authorities for suspicious activities. Authorities are investigating if this app is involved in anti-money laundering (AML) and anti-terrorism financing activities. TikTok allows users to purchase their tokens with real money and their token is called tiktok coin. There are some use cases of TikTok coin in the app
X which was known as Twitter earlier is a popular microblogging social media platform. The platform is improving the user experince and also offering multiple options to creators for content monetization but the criteria are not easy. There is a way through which you can monetize your x account and this article can help you understand this
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https://substack.com/app-link/post?publication_id=92101&post_id=150398859&utm_source=post-email-title&utm_campaign=email-post-title&isFreemail=true&r=1nhyen&token=eyJ1c2VyX2lkIjo5OTkzNTA4NywicG9zdF9pZCI6MTUwMzk4ODU5LCJpYXQiOjE3MjkyNDI3MjYsImV4cCI6MTczMTgzNDcyNiwiaXNzIjoicHViLTkyMTAxIiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.yuNYH_vEOZNVkQkQnzTMwz_QJhKzyeGtexPWtT4iKAo.Source
Greetings @hamim01 ,
Interesting post...thank you for the analysis and updates.
Kind Regards, Bleujay