World Liberty Financial (WLFI) is set to kick off its token sale on October 15, aiming to generate $300 million through the sale of 20% of its total token supply. This initiative is part of a broader goal to establish a valuation of $1.5 billion for the decentralized finance (DeFi) project backed by Donald Trump and his family.
What are the Token Sale Details?
Who Can Participate in the Sale?
The WLFI token sale will be open to accredited investors from the United States, qualified investors in the UK, and international participants. The distribution of the total token supply includes 63% allocated for public sale, 17% for user rewards, and 20% for the team. Investors interested in participating can join a whitelist to access the sale.
Leading the WLFI initiative are Zachary Folkman and Chase Herro, both associated with Dough Finance, a firm that faced security challenges in the past. Their efforts are bolstered by support from Donald Trump, recognized for his advocacy for cryptocurrency, along with his sons, who take on roles as Web3 ambassadors.
World Liberty Financial’s ambition includes driving broader cryptocurrency adoption. The WLFI token will function as a governance tool, empowering investors to influence the project’s direction. The platform will operate within the Aave v3 framework on Ethereum and Scroll, allowing users to lend and borrow various digital assets.
- WLFI aims to raise $300 million through its token sale.
- The project has significant backing from the Trump family.
- The token sale has attracted thousands of potential investors.
- WLFI seeks to avoid regulatory scrutiny by the SEC.
- The token will enable governance and participation in future project decisions.
The upcoming token sale is poised to be a notable event in the DeFi landscape, presenting investors with unique opportunities while testing the Trump family’s influence within the cryptocurrency sector.