U.S. presidential candidate Donald Trump, along with his sons, has confirmed the upcoming launch of a governance token under their project, World Liberty Financial.
The token, $WLFI, aims to focus on governance participation rather than offering any economic benefits, making it unique in the current crypto space.
Unlike traditional tokens, $WLFI will be non-transferable and provide no economic rights, appealing to those looking for involvement in governance rather than financial gain. The primary goal is to attract participants who are interested in shaping the future of the project, without the usual focus on profits.
The token distribution is as follows:
– 63% of the total supply will be sold to the public.
– 17% will be reserved for user rewards.
– 20% will go to the team.
– Notably, there will be no presale or venture capital allocations, ensuring a more direct and transparent token launch.
🚨 @worldlibertyfi, backed by Donald Trump and his sons, will launch a governance token, $WLFI.
The token will be non-transferable and offer no economic rights, targeting those interested in governance, not profit.
63% of WLFI will be sold to the public, 17% for user rewards,… pic.twitter.com/o0Amt6B7ep
— Satoshi Club (@esatoshiclub) September 17, 2024
In alignment with U.S. regulations, the initial sales will be limited to accredited investors under SEC Regulation D exemptions, adding a layer of compliance to the process.
As World Liberty Financial gears up to enter the governance token space, it will be interesting to see how this non-transferable token model is received, especially with the backing of Trump and his family. While the project steers clear of traditional profit-making incentives, it opens up opportunities for those keen on governance-focused involvement.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!
Image Source: yuliufu/123rf// Image Effects by Colorcinch
Source: https://nulltx.com/donald-trump-to-launch-world-liberty-financials-wlfi-governance-token/