World Liberty Financial, associated with former U.S. President Donald Trump, is preparing to launch a significant token sale for its new decentralized finance (DeFi) platform.
The sale is scheduled to begin on October 15. It aims to distribute 20% of the WLFI token supply to raise $300 million, representing Trump’s notable entry into the cryptocurrency space, coinciding with the U.S. presidential election campaign.
Details on the Token and Sale Process
The sale is primarily targeted at accredited U.S.-based investors and non-U.S. individuals who can participate after completing a mandatory know-your-customer (KYC) process. Interested parties must register for a whitelist on the project’s official website.
Trump has highlighted the potential of this venture to influence the future of financial systems, encouraging his followers to participate in an upcoming X Spaces event on October 14 for more information.
World Liberty Financial has revealed ambitious plans for its WLFI tokens. They will initially function as non-transferable governance tokens for a year and then allow token holders to trade them.
Following the initial sale, the project envisions further distribution phases, accounting for 63% of WLFI’s total supply. A significant portion is also set aside for user rewards and team incentives.