Former President Trump’s crypto project, World Liberty, is discussed in this video. The project involves issuing 22.5 billion WLFI tokens with a stake valued at $337.5 million. Trump has spent months on the project and is listed as the top of the organizational chart. However, the project has only raised $13 million since its launch, far below the $300 million fundraising target. Despite Trump’s support from the crypto community, the project has faced challenges, including criticisms of its reward models that incentivize founders rather than serving the larger mission statement of equitable banking for the masses. The video highlights the lack of liability for Trump in the project and the absence of family members as directors. Overall, the project is seen as an example of what hasn’t worked in the crypto space, with questions raised about its effectiveness and alignment with broader industry goals. Trump’s campaign referred questions about the project to his organization, and the video ends with a discussion on what to watch as the project unfolds.
