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While the two-hour online presentation provided limited specifics, it introduced a system that allows users to purchase digital “tokens” granting voting rights in decision-making on the platform.
The new platform, dubbedWorld Liberty Financial, aims to capitalize on decentralized finance (DeFi) technology, which allows transactions to occur without the need for traditional financial intermediaries like banks.
World Liberty Financial’s core service will allow users to lend and borrow cryptocurrencies directly from each other, a service similar to that offered by platforms like Aave, a prominent name in the crypto space.
World Liberty Financial aims to make cryptocurrency more accessible to the general public, Folkman stated, focusing on creating an intuitive platform for those unfamiliar with digital finance..
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