WLFI, or World Liberty Financial, is a decentralized finance (DeFi) platform associated with former U.S. President Donald Trump and his family. The project aims to facilitate lending and financial services through blockchain technology, with a focus on creating a system that supposedly returns financial power to the people. The platform's governance token is known as WLFI, which was introduced to the public with intentions for it to be non-transferable for a period, aiming for an initial raise of $300 million at a $1.5 billion valuation through token sales.
The WLFI token's distribution plan includes 63% for public sale, 17% for user rewards, and 20% allocated to the team, with no presale or venture capital tokens included. The token sale was set to commence on October 15, 2024, restricted to accredited investors and non-US persons due to regulatory considerations, aligning with SEC guidelines under Regulation D for securities offerings.
World Liberty Financial has been described as a project to drive mass adoption of stablecoins and DeFi, potentially integrating with existing blockchain platforms like Ethereum and using DeFi lending protocols like Aave. The project has stirred significant interest and scrutiny, given its high-profile endorsement by Trump, who has historically had a skeptical view on cryptocurrencies before this venture.
The WLFI token's price and market performance have been tracked, with its value fluctuating in the early stages post-launch, reflecting the speculative nature of cryptocurrency investments tied to high-profile figures.
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