CDS Crypto News WLFI tokens- Donald Trump and World Liberty Financial: What We Learned
Crypto News

WLFI tokens- Donald Trump and World Liberty Financial: What We Learned

322
Wlfi Tokens- Donald Trump And World Liberty Financial: What We Learned

WLFI tokens- Trump’s Livestream: What Was Discussed

WLFI tokens– On September 16, former President Donald Trump appeared on a livestream with crypto influencer Farokh Sarmad on X Spaces. This was Trump’s first public appearance since an alleged assassination attempt on September 15, which he addressed at the beginning of the stream. Despite promoting the event as a State of Crypto address, Trump’s discussion about World Liberty Financial, his family’s new crypto platform, was minimal.

Focus on Crypto Without Specifics

Trump spoke for approximately 45 minutes, but he only briefly mentioned cryptocurrency about 16 minutes into the livestream. His remarks were general, stating: We’re going to make our country greater than ever before, and you’re going to be happy, and you’re going to love your crypto. Details about the World Liberty Financial platform were not discussed during his segment.

World Liberty Financial Token Details

It wasn’t until over two hours into the livestream that Zak Folkman, a leader of World Liberty Financial, provided information about the project’s token. Folkman revealed that the project would issue WLFI tokens, which are described as pure governance tokens. These tokens will allow holders to make proposals and vote on platform-related matters.

Token Sale Information

According to Folkman, WLFI tokens will be sold exclusively to accredited investors in the US due to regulatory uncertainties. Although the project does not classify WLFI tokens as securities, the team opted to restrict sales to eligible participants to comply with US federal securities laws. Potential sales to non-US persons will also be subject to applicable restrictions.

Token Distribution and Allocation

Folkman did not disclose the total supply of WLFI tokens but assured a fair distribution. Approximately 63% of the tokens will be available for public sale. There were no pre-sales or early buy-ins for venture capitalists, although 20% of the tokens are allocated to the platform’s team and advisers, with around 17% reserved for user rewards. An earlier draft of the white paper suggested that 70% of the token supply was intended for the team, with the remainder for public sale.

Platform Details and DeFi Integration

Specific details about the World Liberty Financial platform were not provided, but reports suggest it will function as a decentralized finance (DeFi) platform for borrowing and lending. This platform is expected to be similar to Dough Finance, which was hacked for $1.8 million in July. The draft white paper also mentioned credit systems built on the popular DeFi app Aave, with which World Liberty Financial is reportedly collaborating.

Trump’s Evolving Stance on Cryptocurrency

Donald Trump, who previously dismissed cryptocurrency as being based on thin air, has shifted his stance. He has since sold four non-fungible token (NFT) collections, accepted cryptocurrency for campaign contributions, and expressed support for the crypto industry. Trump has even promised to be a crypto president, reflecting his evolving views on digital assets.

Wlfi Tokens- Donald Trump And World Liberty Financial: What We Learned
Written by
sevval

Şevval has been actively writing since 2022 and is a third-year mathematics student at Ankara University. Her interest in writing is shaped particularly around innovative technologies such as Web3, artificial intelligence, and blockchain. She closely follows developments in these fields and aims to convey complex topics to readers in a clear and engaging manner. She enjoys combining her mathematical knowledge with technology to create content and strives to raise awareness about the digital world of the future.

Leave a comment

Leave a Reply

Related Articles

VanEck’s Matthew Sigel Proposes “BitBonds” to Tackle $14 Trillion US Debt

In a bold move to modernize debt financing, VanEck’s Head of Research,...

Coinbase Monthly Market Outlook: Crypto Winter Fears Emerge Amid Broader Economic Pressures

Coinbase’s latest market review for institutional investors, published on April 15, paints...

Dogecoin (DOGE) Traders Eye Breakout Amid Rising Optimism

Dogecoin traders on Binance are leaning heavily bullish, with an impressive 72.13%...

Gold Breaks Records: Can Bitcoin Keep Up?

Gold, which has achieved the best performance of the last 11 years,...

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.