World Liberty Financial aims to raise $300 million in the WLFI token sale beginning October 15.
The WLFI tokens will be governance tools, restricted from transfer for the first year after launch.
Trump’s involvement in World Liberty Financial highlights his ongoing support for cryptocurrency innovation.
World Liberty Financial, a decentralized finance (DeFi) protocol endorsed by former U.S. President Donald Trump, is set to begin the public sale of its governance token, WLFI, on October 15.
The upcoming token sale is aimed at raising $300 million, with the protocol’s roadmap valuing the project at $1.5 billion. This move comes as Trump gears up for the 2024 U.S. presidential election, where he is the Republican candidate.
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On October 11, World Liberty Financial announced via social media that its WLFI token sale would officially commence on October 15. The sale will be open to individuals who qualify through a whitelist. According to reports, the DeFi project seeks to raise $300 million in this initial token offering, marking a significant milestone in its development.
The WLFI tokens will serve as governance tools within the platform, allowing holders to have a say in the decision-making processes that will shape the protocol’s evolution.
The tokens will be non-transferable for the first 12 months after the sale, even if the community votes to lift this restriction. Any changes to the token transferability will only be implemented after the one-year lock-up period ends.
The team behind World Liberty Financial is working towards creating a decentralized, permissionless, peer-to-peer digital asset system. The platform aims to be user-friendly, incorporating features such as one-click social logins and seamless wallet creation to attract a wide user base.
In its official statements, the team highlighted its ambition to combine cutting-edge blockchain technology with strategic partnerships and distribution channels to redefine the DeFi landscape. By focusing on ease of use and mass adoption, World Liberty Financial aims to create a robust decentralized ecosystem.
The launch of World Liberty Financial has sparked further interest in Trump’s stance on cryptocurrencies. With his 2024 presidential campaign underway, market observers have noted that Trump’s involvement in the DeFi sector aligns with his broader support of digital assets.
Bettors on decentralized prediction platform Polymarket currently estimate Trump’s chances of winning the upcoming election at 54.6%, adding further attention to this financial venture.
