Donald Trump

World

World Liberty Financial (worldlibertyfinancial.com)

President Donald Trump

World Liberty Financial, a decentralized finance (DeFi) project linked to former U.S. President Donald Trump and his sons, is preparing to raise $300 million through a token sale next week. 
According to a roadmap shared, this sale will offer 20% of the token supply at a total valuation of $1.5 billion. 
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The co-founders, Steve and Zach Witkoff, Zak Folkman, and Chase have revealed in an X space that this is the initial phase and there are plans for further sales, with 63% of the total token supply to be sold to the public. The remaining 37% will be allocated between user rewards (17%) and the team (20%). 
The WLFI token will be used for governance, allowing holders to vote on decisions for the platform’s development. However, these tokens will not be transferable for the first 12 months, even if the community votes to allow transfers. 
The project will be <a href="https://x.com/worldlibertyfi/status/1844131880448528714" target="_blank" rel="noreferrer noopener nofollow">rolled out</a> in three stages. First, it will launch a DeFi lending platform on the Ethereum Layer 2 network Scroll, similar to Aave, so that users can lend and borrow cryptocurrencies such as bitcoin, ether, and stablecoins. 
The second phase will include integration with exchanges to offer on-ramping and off-ramping services, alongside a stablecoin-based credit card for real-world spending. 
In its final stage, the platform plans to fractionalize real-world assets like hotels and sports clubs while obtaining regulatory licenses to serve as a settlement platform for stablecoins. 
The project has already started its first stage and is currently open to accredited investors in the U.S., as well as qualified investors in the UK and other countries. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read:<a href="https://www.cryptotimes.io/2024/10/07/top-3-trump-themed-memecoins-that-could-spike-if-trump-wins-us-election/" target="_blank" rel="noreferrer noopener"> Top 3 Trump-themed Memecoins that Could Spike If Trump Wins US Election</a> 
</blockquote>

World Liberty Financial to Raise $300M with New Token Sale

The Crypto Times

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