Trump Plans to Launch Cryptocurrency Platform Called The DeFiant Ones
The mention of digital real estate could be a reference to selling digital versions of assets in the metaverse, a concept that peaked in popularity in 2021 during the recent crypto bull market cycle. Digital real estate could also mean that the project would tokenize assets (tangible property) in the real world.
The timing of the project coincides with the final stretch of Trump’s presidential campaign, as the former president works to regain momentum in the race against Vice President Kamala Harris.
“I think there’s a lot of inequality in that only some people have access to finance, so the idea of decentralized finance is very attractive to people like me who have been unbanked,” Jr. Trump said in the interview on Locals.
In recent months, Trump Sr. has sought to brand himself as a pro-cryptocurrency presidential candidate.
In April, Trump launched a series of non-fungible tokens on the Solana blockchain. In May, he became the first presidential candidate to accept cryptocurrency donations, and in July, the Republican presidential candidate headlined the largest Bitcoin event of the year in Nashville, Tennessee.
Earlier this month, a personal financial disclosure form showed the former president owning more than $1 million in cryptocurrencies. This is a significant departure from Trump’s previous stance on cryptocurrencies during his time in the White House, when he called Bitcoin a scam.
The former president said he had raised $25 million from the cryptocurrency sector by the end of July.
Trump Cryptocurrency Platform Advantages
Trump's platform will revolutionize financial transactions and digital technology, and may change the shape of the American financial economic system instead of the current traditional financial systems, which could create a qualitative shift for the global economy, which is often affected by any change in the financial and monetary policies adopted by the American economy.
- Empowering Individuals : The platform is based on decentralized finance (DeFi) technology that allows individuals to conduct financial transactions without the need for an intermediary such as a bank. This allows users to have direct control over their money and financial data, and reduces the restrictions and fees imposed by traditional institutions.
- Quick Guarantees : The project will provide guarantees that are immediately accessible to everyone, which will make it easier for individuals and companies to obtain loans or financing without going through the complex procedures of banks.
- An innovative financial solution : If the platform succeeds, it could be part of a digital transformation that will completely revamp the global financial system. These decentralized blockchain-based systems could increase transparency and reduce financial corruption.