World Liberty Financial announced it will distribute 8,4 million WLFI governance tokens as a reward to early adopters of its USD1 stablecoin points program.
The USD1 points program was launched two months ago as a loyalty platform. Users can earn points by trading USD1 pairs on partner exchanges and maintaining their USD1 balance.
USD1 — stablecoin, pegged to the US dollar, issued by World Liberty Financial and stored on the BitGo platform. It is currently the sixth-largest stablecoin in the world with a market capitalization of $2,98 billion.
The initial distribution of WLFI will be conducted on six exchanges: Gate.io, KuCoin, LBank Exchange, HTX Global, Flipster, and MEXC. Detailed deadlines will be provided in each platform’s announcements. Selection criteria and reward distribution are determined by individual exchanges and may vary, World Liberty noted.
The WLFI points program will expand alongside new USD1 initiatives. More platforms and ways to earn points, new trading pairs and ways to use USD1, and upcoming integrations will be added. DeFi and greater opportunities for rewards for use and implementation,” World Liberty wrote.
Over the past 24 hours, the WLFI token price has fallen by 5,25% to $0,14 with a market cap of $3,8 billion.