Early warnings that Trump’s DeFi project would flop
The post Early warnings that Trump’s DeFi project would flop appeared on BitcoinEthereumNews.com.
Donald Trump launched his World Liberty Financial crypto project last night on a live social audio room on X (formerly Twitter). And it was, as some had speculated, a complete flop. The announcement was made from a room in Trump’s Mar-a-Lago resort alongside Farokh Sarmad, co-founder of the aptly-named Rug Radio. Trump had previously previewed the announcement on August 29, and during the following two weeks, many commentators predicted the launch wouldn’t go well. Indeed, Nic Carter earned over 170,000 views for his plea for Trump to cancel the launch, while CoinDesk linked four World Liberty team members to rugged crypto project Dough Finance. Bloomberg, meanwhile exposed World Liberty marijuana and “get rich quick” course salesman, Chase Herro, who spoke during the social audio space yesterday Timeline of the Trump DeFi announcement The first topic of conversation addressed during the announcement was the recent assassination attempt at Trump’s Mar-a-Lago golf course. For some time, Farokh and Trump exclusively discussed non-crypto topics. It wasn’t until the listener tally hit over 170,000 concurrent listeners that the duo finally pivoted to crypto, specifically Trump’s NFT collections. Incredibly, however, the conversation ended not long after with no mention of World Liberty Financial by Trump. After a brief intermission — and after Trump had left the room from which Rug Radio was broadcasting — associates and family members joined the conversation. Although Farokh mentioned the project once more, details were few and far between. Read more: Did Martin Shkreli violate his parole by launching DJT coin with Barron Trump? More than an hour into the interview and with listeners dwindling to less than 90,000, Trump’s son Donald Jr. revealed that the project would somehow involve real estate. Another 10,000 concurrent listeners left and Farokh moved on to another family member. Shortly after, someone mentioned that…
Filed under: News - @ September 17, 2024 11:21 am