Have you ever thought about a question, what is WLFI spending so much money for, or what role does it actually play?
First, let's review the specific data of the "WLFI x USD1 x Binance Phase III Incentive Program" so far.
Phase One: The extravagant "Opening Red"
- Duration: January 23 - February 20 (4 weeks total)
- Total amount distributed: WLFI tokens worth a total of 40 million USD
Phase Two: The token-based "Large Water Release"
- Duration: February 20 - March 20 (4 weeks total)
- Total amount distributed: 235 million WLFI
- Approximate value: Based on an average price of about $0.103 during this phase, the total value is approximately 24.2 million USD
Phase Three: The refined operation "Endurance Period" (currently ongoing)
- Duration: March 20 - April 17 (4 weeks total)
- Total amount distributed: 135 million WLFI
- Approximate value: Based on the current market price of about $0.093, the total value is approximately 12.55 million USD
Overall, WLFI has airdropped tokens worth at least 76 million USD, which is already larger than most TGE airdrops.
Of course, the returns have been immediate.
USD1 went from 3 billion tokens before the event started to directly breaking through 5.4 billion tokens at the end of the first phase, completing in just one month what many stablecoins take years to achieve.
In other words, WLFI used 76 million USD worth of tokens to create a pressure that led to a growth of 2 billion stablecoins; such a large move can only be done by WLFI.
The president is serious about creating stablecoins!
