Unveiling the Mastermind Behind the Trump Crypto Project: Meet the Internet’s ‘Dirtbag’
Chase Herro, a self-proclaimed ‘dirtbag of the internet’, has made a name for himself in the world of online marketing. From selling weed to weight-loss products, Herro has dabbled in various ventures, including a US$149-a-month get-rich-quick class. Now, he is stepping into the world of cryptocurrency as the brains behind the Trump family’s latest project, World Liberty Financial.
The Trump family, including Donald Trump and his two older sons, have been promoting World Liberty Financial on social media, touting it as a platform for promoting “financial independence” and making finance great again. Despite the hype surrounding the project, many in the crypto world have never heard of Herro. His previous crypto project, Dough Finance, attracted only a few million dollars in total activity and was hacked for about US$2 million. Critics are skeptical of Herro’s track record and the viability of World Liberty Financial.
World Liberty Financial is being pitched as a platform for borrowing and lending crypto, with its own token called WLFI. The project aims to allow users to vote on how it’s run, but critics have raised concerns about the high percentage of tokens reserved for insiders. Startups like World Liberty Financial are common in the crypto space, but few succeed. Many are created solely to sell tokens and make money, without a genuine commitment to innovation or success.
Despite the red flags surrounding World Liberty Financial, the project has attracted attention for its association with the Trump family. Donald Trump, listed as the “chief crypto advocate”, and his sons, Eric and Donald Jr., each as “Web3 Ambassador”, are involved in the project. While the Trumps are not directly managing the project, they may receive compensation from it. Critics warn of the conflict of interest that arises when public figures promote private businesses, as it may skew public policy in favor of personal gain.
Whether or not World Liberty Financial achieves its goals, the Trump brand has a loyal following that is willing to invest in its ventures. Trump’s previous business endeavors, such as the Trump Media & Technology Group Corp., which operates Truth Social, have seen success despite minimal revenue. Trump’s endorsement deals are driven by upfront cash considerations, rather than the utility or success of the product.
In conclusion, the unveiling of the mastermind behind the Trump crypto project sheds light on the intersection of politics, business, and cryptocurrency. Chase Herro’s controversial past and unproven track record in the crypto world raise questions about the legitimacy and success of World Liberty Financial. As the project moves forward, it will be interesting to see how the Trump brand influences the future of the crypto industry.