Here’s When the Trump-Supported World Liberty Token Will Go Live

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Cryptodnes2024/10/13 11:36

By:Cryptodnes

World Liberty Financial, a decentralized finance (DeFi) project associated with former President Donald Trump, is set to launch its tokens soon.

This comes as the U.S. gears up for the presidential election, where Trump is the Republican nominee.

The company announced on October 11 that its WLFI token sale will begin on October 15, but only for those who meet specific whitelist criteria. The goal for this sale is to raise $300 million, valuing the protocol at approximately $1.5 billion. WLFI tokens will provide holders with governance rights to shape the protocol’s future.

For the first year post-launch, WLFI tokens will not be transferable, and any potential changes to this policy will occur only after a year.

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The team at World Liberty Financial aims to create a user-friendly, decentralized digital asset system. They plan to simplify access through features like social logins and streamlined wallet creation.

Co-founded by Steve and Zach Witkoff, Zach Folkman, and Chase Herro, World Liberty Financial features Trump as the Chief Crypto Advocate, with his sons representing the project in the Web3 space.

Market analysts view this DeFi initiative as a clear indication of Trump’s positive stance toward cryptocurrencies. Interestingly, bettors on the decentralized platform Polymarket currently assess Trump’s chances of winning the upcoming November elections at 54.6%.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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