frumza

I am still the Web3 Ambassador at World Liberty Financial. The dashboard has 9 columns now. When we sold the tokens, the sale materials said they were non-transferable. They could remain locked indefinitely. Unlocks would require a governance vote. We did not specify when. That was by design. 80% of the tokens sold to investors are still locked. 18 months later. The investors paid real money. The money is not locked. The money left immediately. The tokens stayed. These events are unrelated. To unlock the tokens, you need a governance vote. The governance vote on staking passed with 99.12% approval. 76% of the voting power came from 10 wallets. The 80% who are locked can vote. They cannot earn staking rewards. They cannot access Node tiers. They cannot sell. They can participate in the governance of their own captivity. I designed the distinction. Last week our CTO borrowed $75 million against 5 billion of our tokens. He borrowed on Dolomite. Dolomite is the 13th-largest lending platform in crypto. Our CTO co-founded Dolomite. He borrowed from his own platform using our tokens as collateral. Our collateral is now 55% of Dolomite's total value. He did not disclose the conflict. These events are unrelated. He borrowed so much of our own stablecoin that other depositors cannot withdraw theirs. We told them our positions are "nowhere near liquidation." We told them we would "simply supply more collateral." The token hit its all-time low that same week. These events are unrelated. WLFI is $0.078. Down 83% from $0.46. The Co-Founder called it good news in my replies. I am adding that to the dashboard. The treasury spent $65 million buying back 435 million tokens at an average of $0.15. The tokens are now worth $0.078. The buyback is 48% underwater. The treasury's money came from investors. The investors cannot sell their tokens. The project used investor money to buy tokens that lost half their value and the investors cannot sell the tokens the project bought with their money. That is called a protocol. Justin Sun invested $75 million. He received 545 million tokens. He transferred a small number to an exchange. We froze all 545 million. There is a blacklist function in the smart contract. We did not disclose the blacklist function. He called it "a trap door marketed as an open door." He called it "the antithesis of decentralization." He is correct on both counts. He is also our advisor. These events are unrelated. In November we partnered with AB DAO. AB DAO is connected to individuals sanctioned by the United States for ties to Cambodia's Prince Group. The Prince Group is a designated transnational criminal organization. The sanctions were imposed October 14th. We announced the partnership November 12th. 29 days later. We said we were unaware. AB DAO held $10 million of our stablecoin. After journalists called, it dropped to $3.6 million. We did not ask where the $6.4 million went. That is not in my job description. The GENIUS Act created the 1st federal stablecoin framework. Our stablecoin complies. The President's party advanced the legislation. The President's family collects 75 cents of every dollar the stablecoin generates. The regulation that governs our product enriches the family that governs the regulation. That is compliance. The tokens are locked. The money is gone. The CTO borrows from his own platform. The buyback is underwater. The biggest investor is frozen out. The partner is sanctioned. The regulation is self-dealing. The stablecoin funds the deals. The deals require the pardons. The pardons free the partners. The partners fund the platform. The President signs the orders. The orders inflate the assets. The assets fund the family. 600,000 wallets bought in. They lost $3.87 billion. 2 families cashed out. America First. You're America. They're First. I am the reason these events are unrelated.