WLFI Token Launch Set for October 15, Weeks Before US Election

TLDR

• World Liberty Financial, backed by Trump family, adds 100,000 US accredited investors to whitelist
• Project aims to raise $300 million with $1.5 billion valuation
• WLFI token pre-sale scheduled for Oct 15, just weeks before US election
• Platform integrates Ethereum, Scroll, and Aave V3 for DeFi services
• Trump family members have key roles in promoting the project

World Liberty Financial, a new cryptocurrency project backed by the Trump family, has reported significant interest from investors as it prepares for its token pre-sale.

The company announced that over 100,000 accredited US investors have been added to the whitelist for the upcoming sale of its WLFI token, scheduled for October 15.

The project aims to raise $300 million through the pre-sale, with a projected valuation of $1.5 billion.

This launch comes at a critical time, just weeks before the US presidential election, in which former President Donald Trump is running as the Republican candidate.

During an X Spaces discussion on October 14, co-founders Zachary Folkman and Chase Herro provided details about the platform’s core services.

https://t.co/ZxXKTAH9HD

— WLFI (@worldlibertyfi) October 14, 2024

They emphasized World Liberty Financial’s long-term goal of making decentralized finance (DeFi) more accessible to users.

The WLFI token is designed as a governance token, allowing holders to participate in various DeFi activities. These include borrowing, lending, creating liquidity, and engaging in stablecoin transactions.

The co-founders also addressed compliance concerns, stating that non-US investors were carefully vetted to ensure adherence to local regulations before being allowed to participate in the token pre-sale.

Several prominent figures from the cryptocurrency industry attended the discussion, including Aave CEO Stani Kulechov and Scroll co-founder Sandy Peng. Their presence underscores the project’s potential significance within the crypto ecosystem.

World Liberty Financial’s platform integrates elements of Ethereum and Scroll to provide high liquidity and low-fee transactions.

Additionally, the project will incorporate the Aave V3 protocol for lending services, enabling users to borrow stablecoins and other assets using collateral such as USDC and Ethereum (ETH).

As part of this collaboration, Aave will receive a 7% allocation of the WLFI supply to serve as a governance partner.

The Trump family’s involvement in the project is substantial. Donald Trump himself is serving as the “chief crypto advocate,” framing the venture as part of his broader vision to establish the US as a leader in digital assets.

His sons, Eric and Donald Trump Jr., are promoting the project as “web3 ambassadors,” while his younger son Barron is credited as the “DeFi visionary.”

The timing of World Liberty Financial’s launch, so close to the US presidential election, has not gone unnoticed by market analysts. Some have suggested that Trump’s involvement could potentially boost the crypto sector.

His pro-cryptocurrency stance contrasts with that of Democratic candidate Kamala Harris, who is perceived as less supportive of digital assets.

Current prediction markets show Trump leading in the 2024 presidential race. Polymarket, a popular prediction platform, indicates Trump has 54.9% odds compared to 44.6% for Harris.

World Liberty Financial’s governance model will focus on DeFi, with all decisions made in compliance with US regulatory requirements.

This emphasis on regulatory compliance is seen as a significant step in building trust within the nascent cryptocurrency industry.