Key Takeaways:
- 100K Signups Pre-Launch: Trump-backed World Liberty Financial has garnered 100,000 signups ahead of its WLFI token launch on October 15.
- New Leadership & DeFi Focus: Paxos co-founder Rich Teo joins as stablecoin and payments lead; platform will offer borrowing, lending, and liquidity pool features on Ethereum.
- Token Details & Fundraising: WLFI tokens will be nontransferable for 12 months, with plans to raise $300 million, aiming for a $1.5 billion valuation.
Donald Trump’s World Liberty Financial, a decentralized finance (DeFi) platform, has attracted over 100,000 signups ahead of its WLFI token launch on October 15.
The Ethereum-based ERC-20 token will serve as the platform’s governance asset.
🚀 Donald Trump’s crypto project, World Liberty Financial (WLFI), has reportedly garnered more than 100,000 signups ahead of its token launch#Trump #WLFIhttps://t.co/SZ6d2kHTZY
— Cryptonews.com (@cryptonews) October 15, 2024
World Liberty Financial, accessible only to accredited U.S. investors, will allow users to borrow, lend crypto, and interact with liquidity pools.
The project recently added Paxos co-founder Rich Teo as its stablecoin and payments lead.
Of the WLFI tokens, 63% will go to public investors, with 17% for rewards and 20% for the team.
Trump-backed World Liberty Financial claims over 100,000 whitelist signups, adds Paxos co-founder Rich Teo ahead of public token sale https://t.co/xLxpg7B7u0
— The Block (@TheBlock__) October 14, 2024
A leaked white paper revealed plans to raise $300 million, targeting a $1.5 billion valuation.
The token will be nontransferable for 12 months but usable for governance votes.
The platform operates on Ethereum and plans to expand to the Scroll network.
Donald Trump Jr. praised the project, positioning it against the current U.S. banking system.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
His articles offer a deep dive into the latest trends, projects, and technological advancements shaping the future of digital finance.
Check Efe out on:
