Key Takeaways:
- Trump avoided discussing his family’s new crypto platform, World Liberty Financial, during a recent 45-minute interview.
- A governance token, WLFI, will allow accredited U.S. investors to participate in platform decisions.
- The platform will focus on DeFi, aiming to eliminate traditional financial barriers, with 63% of tokens reserved for public sale.
Donald Trump avoided discussing his family’s new crypto platform, World Liberty Financial, during a 45-minute appearance on X.
His interview focused more on broad topics, with only a brief mention of crypto.
💸 Trump launches crypto company amid funding race with Kamala Harrishttps://t.co/ueJuxWyLAS
— Telegraph US (@TelegraphUS) September 17, 2024
Later in the event, Zak Folkman, a leader of the project, revealed that a governance token, WLFI, would be introduced.
These tokens will allow holders to make proposals and vote on platform-related matters but will only be available to accredited U.S. investors, and sales will comply with regulations.
The platform aims to remove barriers in traditional finance, with 63% of tokens reserved for public sale and no venture capital pre-sales.
While Folkman emphasized fairness in token distribution, some earlier drafts suggested a larger percentage would go to the team.
No further details on the platform were provided, though reports suggest it will be a decentralized finance (DeFi) platform focusing on borrowing and lending.
Trump, previously a critic of crypto, has since become more supportive, selling NFTs and accepting cryptocurrency donations.
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