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World Liberty Financial, a DeFi project supported by the Trump family, is giving away $1.2 million worth of WLFI tokens to reward its earliest supporters. The airdrop is part of its USD1 stablecoin loyalty program, which was created to boost adoption of its fast-growing stablecoin, USD1.
The team behind WLFI shared on X that exchange partners are distributing a total of 8.4 million WLFI tokens to users who took part in the USD1 Points Program. The program launched in late August and allows people to earn points by trading USD1 pairs or holding USD1 on certain partner exchanges.
Only users who earned points through these activities on supported platforms such as Gate.io, KuCoin, LBank, HTX, Flipster, and MEXC are eligible for the token drop. However, the team mentioned that the rules and requirements might differ depending on each exchange’s policy. They also reminded users to check the specific terms and disclosures of their chosen platform, as World Liberty Financial does not control these exchanges directly.
For now, the airdrop will take place only across these six exchanges. But the project said it plans to expand the points program further, with more platforms, trading pairs, and DeFi integrations coming soon.
USD1, the project’s stablecoin, has quickly climbed the ranks to become the sixth-largest by market cap. Since its launch earlier this year, the project has grown through reward programs, institutional partnerships, and even announced an upcoming debit card connected to Apple Pay.
Following the airdrop announcement, WLFI’s price saw a small bounce of around 4% in 24 hours. Still, it remains down by over 50% from its peak in September. The token’s drop has been linked to political scrutiny and concerns about Donald Trump’s financial ties to the project.
To regain user trust, World Liberty Financial introduced new partnerships, products, and a token burn program in September. The community voted to use all liquidity fees for buybacks and burns to help support the token’s value. Since then, the project has burned over 220 million WLFI tokens in total, including a large 175 million burn on October 28.