Author: Alex Liu, Foresight News
On the night of December 12, Beijing time, Time magazine announced that the U.S. President-elect Donald Trump has been named its Person of the Year, leading to further increases in related cryptocurrencies. Later, when asked about the "strategic reserve of crypto assets" on the New York Stock Exchange, Trump stated, "We will do some great things in the field of cryptocurrency."
This marks the first time an American president has shown such support for cryptocurrency. What cryptocurrencies are related to him? Is there still room for these Trump-related assets to rise before his inauguration in January? Let's take a look at the review and analysis.
WLFI
WLFI is most closely associated with Trump, but it may not be the best investment target. WLFI is the token of the Trump family's crypto project, World Liberty Financial, but the token terms and utility are not ideal, and most of the project's revenue will go to Trump rather than token holders:
- Terms and Utility: According to the updated sales terms and conditions of the WLFI token, WLFI is only used for governance and not as an investment tool; all WLFI tokens are currently indefinitely locked in wallets or smart contracts and are non-transferable; if there is a future desire to unlock the transferability of WLFI through the governance process, the following conditions must be met: it must be determined that it does not violate applicable laws, and at least 12 months must have passed since the completion of the token sale; due to the non-transferability of the tokens, the company has not taken any action and does not plan to create a secondary market for the tokens; token purchases are non-refundable unless required by applicable law; WLF reserves the right to refuse or cancel token purchase requests.
- According to the "World Liberty Gold Paper," approximately $30 million of the initial revenue from WLFI is designated as reserves to cover operating expenses and other financial obligations. The Delaware company DT Marks DEFI LLC, associated with Trump, will receive 75% of the net agreement revenue. The Trump family will receive 2.25 billion WLFI tokens, valued at approximately $337.5 million based on an issuance price of $0.015. The remaining 25% of the net agreement revenue will belong to Axiom Management Group (AMG), a Puerto Rican company wholly owned by project co-founders Chase Herro and Zachary Folkman. AMG has agreed to allocate half of its revenue rights to Trump's friend and political donor Steve Witkoff and affiliated companies of some of his family members, WC Digital Fi.
ETH, AAVE, LINK, SCR
Direct investment in the Trump family's crypto project may not be cost-effective, while betting on well-established crypto-native projects chosen for collaboration by this project may have a higher success rate.
World Liberty will deploy AAVE V3 instances on Ethereum and Scroll. Sandy Peng, co-founder of Scroll, is also a project advisor for World Liberty. The project's on-chain data and cross-chain connections will also adopt Chainlink standards.
According to on-chain data, the World Liberty project wallet has purchased ETH, LINK, and AAVE tokens, which were major drivers behind the significant rise of AAVE and LINK on December 12.
In addition to their association with Trump, these crypto-native projects also have solid fundamentals, making them easier for "value investment." For example, Chainlink is an industry-leading oracle and is also making strides in tokenization and cross-chain initiatives; Aave is the largest lending protocol by on-chain share, with many project metrics at historical highs, while the token price is less than half of its historical peak…
RSR
RSR is the token of the DeFi protocol Reserve Rights, which has no direct association with Trump, but the SEC chairman chosen by Trump, Paul Atkins, is an advisor to the project.
DYDX, SOL
DYDX and SOL are also not directly associated with Trump, but his chosen "crypto czar," David O. Sacks, has invested in these two projects through his firm Craft Ventures.
MEME
Meme coins related to the Trump concept are also worth noting, with larger market caps including:
- TRUMP on the Ethereum chain, currently with a market cap of over $80 million, down nearly 90% from its peak in early June this year.
- TREMP on the Solana chain, with a quirky token name and logo, currently has a market cap of $10 million.
- MAGA (Maga Hat), associated with Trump's slogan and campaign hat, currently has a market cap of $39 million.
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