World Liberty Financial (WLFI), a decentralized finance (DeFi) project supported by Donald Trump and his family, is launching the WLFI token sale on October 15. The project aims to raise $300 million by selling 20% of its token supply, with a projected valuation of $1.5 billion. Trump’s involvement highlights a push to establish cryptocurrency as a central part of modern finance.
Here’s a deeper dive.
In a post on X (formerly Twitter), Trump described the upcoming WLFI token sale as a unique opportunity to join a new “financial movement.” The WLFI token will serve as a governance token, allowing investors to influence World Liberty Financial’s key decisions and contribute to the platform’s direction.
World Liberty Financial plans to integrate with Aave v3 on Ethereum and Scroll, aiming to make DeFi more accessible to a broader audience. This move seeks to simplify the process for newcomers while offering experienced investors an efficient way to participate.
Project Goals in Focus
An exclusive X Spaces event will take place alongside the token sale, where Trump and the World Liberty Financial team will discuss the project’s objectives. The event will feature insights from the team, advisors, and special guests who will address questions about the sale and the platform’s future plans.
This interactive session aims to clarify the project’s goals and generate interest.
Trump’s Bold Moves
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.
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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.
Is the Trump touch enough to propel WLFI to DeFi stardom? Tell us what you think.
Source: https://coinpedia.org/news/donald-trump-announces-wlfi-token-sale-in-push-for-defi-revolution/