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.