Former US President Donald Trump on Monday announced the launch of his long-awaited crypto project, World Liberty Financial. The project was launched amid various speculations and expectations.
Plans and Rumors
The project has been in the pipeline for the past few months. Since August 2024, Donald Trump and his two sons, Donald Trump Jr. and Eric Trump, have hinted at upcoming initiatives in the areas of cryptocurrency and decentralized financial systems (DeFi). The aim of the project is to enhance financial security and promote free transactions.
Announcement and Token Details
According to video footage on the X platform, Trump announced that he would launch his project in a Twitter Space at 8 PM. He added that the new crypto financial system would be a better choice for users compared to slow and outdated big banks. On Monday evening, the team unveiled the token details. The WLFI token will be divided into three parts. A major portion of the token sales (about 63%) will be sold to the public. Around 17% will be reserved for user rewards. The remaining 20% will be for the team, advisors, and future members.
Regulation and Market Reaction
The US Securities and Exchange Commission (SEC) will regulate the token distribution and sale of the project. This step is aimed at ensuring transparency and legality for all transactions related to the project.
The launch of the World Liberty Financial crypto project marks a new milestone in the field of cryptocurrencies and decentralized financial systems. The project's backing by the former president and his family draws significant attention, and the market reaction has been positive so far.
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