World Liberty Financial (WLFI), a DeFi project backed by Donald Trump and his family, has announced the launch of its native WLFI token sale, set to begin on October 15. The project aims to raise $300 million through the sale of 20% of its token supply, with a projected valuation of $1.5 billion. Trump's involvement signals a larger commitment to promoting cryptocurrency as a cornerstone of modern finance.
WLFI Token Sale Kicks Off
In a recent post on X, Trump announced the WLFI token sale, describing it as a unique chance to participate in a new financial movement. WLFI will serve as a governance token, allowing investors to have a direct say in WLF's decisions.
The platform is set to integrate with the Aave v3 platform on Ethereum and Scroll, aiming to make cryptocurrency and DeFi accessible to a broader audience.
Alongside the sale, an exclusive event on X Spaces is planned, where Trump and WLF's team will outline the project's goals. The event promises insights from the team, advisors, and VIP guests to answer questions about the public sale.
Trump's To Fire SEC Chair
As the U.S. presidential race heats up, Trump's support for crypto is gaining attention. He has vowed to remove current SEC Chair Gary Gensler, a figure criticized by the crypto community for strict enforcement actions.
Trump's proposal for a Bitcoin advisory council shows his commitment to cryptocurrency as a part of his campaign.
WLF's $300 Million Goal
Through the token sale, WLFI aims to raise $300 million, establishing itself with a valuation of $1.5 billion. Token holders will gain voting rights on WLF's strategic decisions, enhancing community involvement. Trump's DeFi venture has seen fluctuating support, with initial interest in WLF's live launch event drawing 150,000 listeners, later dropping due to limited details.
Trump's endorsement of WLFI aligns with his broader vision for financial reform, focusing on DeFi's potential.
