World Liberty Financial, a decentralized finance (DeFi) project associated with former U.S. President Donald Trump and his sons, is preparing to launch a token sale aimed at raising $300 million. This initiative is part of a broader strategy that values the project at $1.5 billion.
The upcoming sale will see 20% of the token supply offered to investors. According to recent statements, 63% of the total token supply is slated for public sale, while 17% is allocated for user rewards and 20% for the project team.
The tokens, known as WLFI, are designed to serve as governance tokens, allowing holders to participate in decision-making regarding the project's future. Notably, these tokens will be non-transferable for the first 12 months, ensuring that community voting rights remain secure during this period.
Co-founded by Steve and Zach Witkoff, Zak Folkman, and Chase Herro, the project's mission is to promote the adoption of digital assets via a compliant platform for alternative finance. Donald Trump serves as the Chief Crypto Advocate, with his sons taking on roles as Web3 Ambassadors.
The first phase involves launching a DeFi lending platform based on Aave on the Ethereum Layer 2 network. Following this, the project aims to integrate with exchanges and develop a stablecoin-focused credit card.
World Liberty Financial is currently open to accredited investors in the U.S., qualified investors in the UK, and others outside these regions. The project has expressed concerns about outdated U.S. regulations impacting its investment strategies.
While the roadmap for World Liberty Financial is subject to change, it represents a significant venture in the cryptocurrency landscape. The project emphasizes its independence from regulatory constraints to drive innovation and growth in the digital finance sector.
