Former President Donald Trump revealed on Saturday that World Liberty Financial, a decentralized finance (DeFi) protocol he supports, will begin selling its tokens on Tuesday morning.
What’s Happening:
“This is YOUR chance to shape the future of finance”
Trump posted on X, formerly Twitter, encouraging people to participate in the upcoming sale. He also invited followers to join an X Spaces event on Monday to discuss details about the token launch. The World Liberty Financial website now features a countdown timer leading up to the token sale.
Why It’s Important:
As reported by The Block, the project plans to raise $300 million in its initial offering, with 20% of the token supply being sold at a $1.5 billion fully diluted valuation.
The token, named WLFI, will act as a governance token, enabling holders to vote on future platform decisions. However, unlike most crypto assets, WLFI will be non-transferable and non-yielding, meaning it won’t be tradable or generate passive income.
Disclaimer: This content does not constitute trading or investment recommendations. It’s essential to conduct your own research before purchasing any cryptocurrency or investing in any services.
