Donald Trump announced the launch of a digital currency called WLFI, which stands for World Liberty Financial.
The WLFI cryptocurrency will be available for sale starting October 15.
The project is part of Trump’s Decentralized Finance (DeFi) initiative, which he is leading in collaboration with his family.
The announcement comes at a time of growing interest in cryptocurrencies, especially as the US presidential election approaches.
Offer and Promotional Event Details:
On October 14, an exclusive event will be held on the X platform to promote the WLFI cryptocurrency, where the project team and advisors will be present along with guests who have not yet been announced.
The sale will be available to people on the WLF whitelist.
The move comes after Trump launched the decentralized finance platform on September 17, which drew criticism for its lack of information.
The WLF project has submitted a proposal to the Aave Governance Forum, to enable liquidity provision for digital assets such as Bitcoin, Ethereum, Wrapped Bitcoin (WBTC), and stablecoins.
If approved, AaveDAO will receive 7% of the WLFI supply and 20% of the protocol fees.
The project is led by former Dough Finance employees Zachary Volkman and Chase Herro, and aims to raise $300 million via the sale of WLFI, giving it a valuation of $1.5 billion.
The impact of cryptocurrencies on the presidential race:
Trump's announcement came three weeks before the presidential election, where cryptocurrencies have become a central issue.
Trump has previously pledged to appoint a Bitcoin advisory board and fire SEC Chairman Gary Gensler, who is widely criticized in the crypto community for the agency’s aggressive policies during his tenure.
