World Liberty Financial Secures 100K Signups Ahead of WLFI Token Launch on October 15

World Liberty Financial Prepares for WLFI Token Launch, Backed by Donald Trump

World Liberty Financial, a cryptocurrency initiative supported by Donald Trump, says it has over 100,000 signups before launching its public token on October 15. Platform head of operations Zak Folkman stated that the WLFI token would be an Ethereum-based ERC-20 token and reaffirmed that it would serve as the governing asset of the decentralized finance (DeFi) platform during a convoluted 90-minute X Space on October 14 that provided no new information.

Folkman, Chase Herro, and Zach Witkoff, who are also members of the World Liberty Financial team, reiterated information that was given a few days prior in a blog post on October 11. They stated that the platform will enable users to transact with stablecoins, create and interact with liquidity pools, and borrow and lend cryptocurrency.

Donald Trump Jr. Slams U.S. Banking System, Praises WLFI Launch

Folkman stated in an X Space last month to kick off the project that 18% of the WLFI tokens would be used for user rewards, 20% would be paid to the team, and 63% would be sold to whitelisted members of the public on October 15. A white paper that was leaked states that the WLFI token would not be transferable for a year after it is distributed, but holders can use it right away to vote in governance elections. According to the white paper, the project is valued at approximately $1.5 billion and intends to earn $300 million through token sales.

Stani Kulechov, the founder and CEO of Aave, also made a quick appearance in the space session, expressing his excitement and happiness that World Liberty Financial was utilizing Aave for its lending and borrowing capabilities. Donald Trump Jr., identified as the project’s Web3 ambassador, gave a brief speech on the space in which he denounced the US banking system as a big Ponzi scheme and hailed World Liberty Financial for establishing a more equal financial system for average folks.

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