World Liberty Financial (WLFI) Token Sale Promises DeFi Services Backed by Donald Trump

The WLFI token is set to be an Ethereum-based ERC-20 token. It's designed to be the governance asset for the platform, which means users can use it to vote on major decisions.

A crypto project backed by Donald Trump is making headlines even before its official launch. World Liberty Financial, a crypto venture, claims to have received 100k signups ahead of its launch on October 15.

The project will launch with an Ethereum-based ERC-20 token, known as the WLFI token. This token will serve as the governance asset for the platform, allowing users to participate in voting on major decisions. However, there is a twist: the token will be non-transferable for the first 12 months.

World Liberty Financial plans to offer a range of DeFi services, including borrowing, lending and stablecoin transactions. Initially, these services will only be available to accredited U.S. investors, defined as having an annual earning of over $200k or over $1 million in assets.

The upcoming WLFI token sale is expected to be substantial, with 63% of the tokens allocated to whitelisted users. The platform aims to raise $300 million from the sale, valuing the project at $1.5 billion. Of the remaining tokens, 17% will be used for user rewards and 20% will be held by the team.

In addition to the large numbers involved, the project also boasts some big names. Rich Teo, co-founder of Paxos, is leading the stablecoin and payment features, while Stani Kulechov, CEO of Aave, has expressed enthusiasm about WLFI utilizing Aave's lending and borrowing technology. These partnerships are contributing to the significant attention being paid to this project.

World Liberty Financial will launch as a DeFi lending platform, initially on Ethereum. They also plan to expand to Ethereum's layer-2 network, Scroll. The timing of the launch is noteworthy, as the token sale will take place just weeks before the U.S. elections on November 5. In some polls, Donald Trump, who has pledged to make the U.S. a “crypto capital,” currently holds a lead. As politics and crypto continue to intertwine, there is much to watch for in this unfolding story.

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