Trump Remains Quiet on World Liberty Financial as Team Launches WLFI Token

During a recent event on X, Donald Trump did not address World Liberty Financial — the new cryptocurrency initiative launched by his family — despite initial expectations. Eventually, details about the project’s token were shared by the team.

On September 16, Trump participated in a discussion on X Spaces with crypto influencer Farokh Sarmad. This appearance marked his first public engagement following an apparent assassination attempt on September 15, which he briefly discussed at the beginning of the livestream.

Although the session was promoted as a “State of Crypto address,” it took Trump about 16 minutes to reference the topic, simply 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.” However, during his 45-minute speech, he provided no specific information on World Liberty Financial, leaving many questions unanswered.

It wasn’t until over two hours into the event that Zak Folkman, one of the project’s leaders, revealed the plan to introduce a token.

Folkman, reading from a prepared statement, explained that the project intends to offer non-transferable WLFI tokens, which are designed strictly as governance tokens, granting holders the ability to propose and vote on matters related to the platform.

He further clarified that sales of WLFI tokens to U.S. individuals would be restricted to accredited investors only.

“Although we do not categorize WLFI as a security, given the regulatory uncertainties surrounding tokens and their sales in the U.S., we believe it is wise to limit the sale to individuals who meet the criteria for transactions exempt from registration under U.S. federal securities law,” Folkman said.

He added that any token sale to individuals outside the U.S. would also be subject to “applicable restrictions.”

Folkman, along with fellow leader Chase Herro and Eric and Donald Trump Jr., has emphasized the platform’s goal to eliminate obstacles in traditional financial systems.

While Folkman did not disclose the total supply of WLFI tokens, he assured that the distribution would be “incredibly fair,” with approximately 63% reserved for public sale. He also noted that there had been “no pre-sales” or early discounted allocations for venture capitalists. Meanwhile, 20% of the tokens were designated for the project’s team and advisors, with the remaining 17% allocated for user rewards.

A draft version of the white paper had previously indicated that 70% of the WLFI token supply might be reserved for the team, with the rest available for public purchase.

Little information has been provided about the World Liberty Finance platform itself. Reports suggest it will be a decentralized finance (DeFi) platform for lending and borrowing, similar to Dough Finance, which suffered a $1.8 million hack in July.

The white paper draft also mentioned plans for credit systems on the platform, built on the popular DeFi app Aave, with which World Liberty Financial claims to be collaborating. The project aims to promote “mass adoption of stablecoins.”

Despite his previous criticism of cryptocurrency in 2019, calling its value “based on thin air,” Trump has recently warmed up to the sector. He has launched four NFT collections, accepted crypto donations for his campaign, and positioned himself as a pro-crypto advocate, promising to be a “crypto president.”

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