Key Points:
- Trump-backed DeFi project, World Liberty Financial, will launch its WLFI token sale on Tuesday, with over 100,000 U.S. investors already whitelisted.
- The project aims to raise $300 million, with 63% of tokens sold to the public.
World Liberty Financial (WLF), a decentralized finance (DeFi) project supported by former U.S. President Donald Trump, will launch its token sale this week.
Read more: World Liberty Financial Will Launch a Token Sale on October 15
Trump-Backed World Liberty Financial to Launch WLFI Token Sale
World Liberty Financial is Trump’s foray into the space of digital assets, and the project has reportedly already whitelisted over 100,000 accredited U.S. investors for the upcoming launch.
The WLFI Token, an ERC20 token, will be available to buy on Tuesday via the WLF website. According to Zak Folkman, one of its co-founders, the whitelist opened on September 30 and generated a lot of interest. Along with the sale, a “gold paper” describing important elements of the project will be published on the same day.
Led by Trump’s family, World Liberty Financial wants to raise $300 million with the token sale, placing the valuation of the project at $1.5 billion. Of the distribution, 63% will go to token sales, 17% to the rewards for users, and the remaining 20% for team compensation.
Future Plans Include Exchange Integration and Asset Tokenization
Future plans for World Liberty Financial regarding the project also include cryptocurrency exchange integrations, on-chain KYC verification, tokenizing of real-world assets, and getting regulatory licenses to operate. For now, by virtue of the rules from the Securities and Exchange Commission, the scope of the project will fall to just accredited U.S. investors. Their class of investors needs to be the ones that meet specified income and net worth criteria for participation in the sale.
The token launch is coming just three weeks in front of the 2024 US presidential election, in which Donald Trump has been running as a candidate on the Republican ticket.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Visited 1 times, 1 visit(s) today
Source: https://coincu.com/287101-world-liberty-financial-hits-100k-whitelists