Donald Trump Announces Cryptocurrency Token Sale on World Liberty Financial

Donald Trump, the former US President and 2024 presidential candidate, announced the launch of a cryptocurrency token sale on World Liberty Financial this Tuesday.

Former US President Donald Trump announced the launch of a cryptocurrency token sale on World Liberty Financial on Tuesday.

According to Trump's announcement, tokens will be available for sale on World Liberty Financial, a new decentralized finance (DeFi) protocol backed by Trump and his family, on Tuesday, just three weeks before the 2024 presidential elections.

"Token Sale goes live on Tuesday morning, October 15th! This is YOUR chance to help shape the future of finance. Be there on Monday, October 14th at 8 AM EST for an Exclusive Spaces to learn more. Join the whitelist today and be ready for Tuesday: http://worldlibertyfinancial.com," Trump posted on 'X' platform.

The cryptocurrency saw a 0.34% increase, while Ethereum recorded an increase of 0.86%, and Dogecoin rose by 1.15%, according to Benzinga Pro. (Shutterstock)

A recent report issued by the Block last week stated that the World Liberty Financial aims to raise approximately $300 million during its initial tokens sale on Tuesday.

WLFI tokens

The new tokens launching on World Liberty Financial are called WLFI tokens. They will serve as the governance token for Trump's protocol, allowing users to vote on development initiatives.

It is worth noting that the new cryptocurrency platform and tokens were launched previously by Trump, his sons, and businessmen. World Liberty Financial will operate on a decentralized exchange, which eliminates the need for intermediaries like banks when conducting financial transactions with third parties.

Additionally, the platform is built on a blockchain technology, which theoretically maintains an open and tamper-proof record of financial transactions. It will also allow users to lend and/or repay cryptocurrencies directly to and from one another.

Bitcoin increase after the announcement

Bitcoin experienced an increase after the latest announcement by Trump regarding World Liberty Financial and the new tokens sale.

Bitcoin saw a 0.34% increase, while Ethereum recorded an increase of 0.86%, and Dogecoin rose by 1.15%, according to Benzinga Pro.

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