The Trump-family backed World Liberty (WLFI) has launched a new rewards program for USD1 stablecoin holders. The program, dubbed as the USD1 Points Program, will initially roll out through chosen crypto exchange partners that will have individual rules on how users earn points.
Similar to airline miles or hotel points in the United States, the program will introduce the same for the cryptocurrency community. The idea is to reward repeat customers who contribute to the expansion of the USD1 ecosystem.
WLFI stated that although stablecoins such as USD1 are a significant component of crypto trading, payments, and DeFi, customers typically don’t receive any sort of direct reward. The new program will redefine this approach by rewarding token holders.
How Can Users Earn Points
WLFI’s new Points Program will reward users in various ways, such as by trading USD1 pairs on participating partner exchanges or holding USD1 in their wallets, following rules set by each respective partner.
In the near future, users will be able to earn points by staking USD1 for yield or utilizing it on approved DeFi services. WLFI additionally plans to reward users who interact with its upcoming mobile app.
Each platform will provide specific details on how points are earned and calculated. More information, including official launch dates, will be shared soon by WLFI and its partners.
WLFI and partners will provide more in-depth guidance and rollout dates shortly. It represents the start of a new rewards system within crypto, putting users at the forefront of expansion.
In July, a community vote was initiated by WLFI to determine if the $WLFI token would be made tradable. The overwhelming response was yes, with 99.94% of the 11.1 billion votes cast supporting the move. That resounding vote makes it possible for $WLFI to be traded publicly soon. Following this, WLFI has also made plans to start public trading of its token in the near future.
Also Read: Trump’s WLFI Invests $10M in Falcon Finance to Boost Stablecoins
