The launch of the World Liberty Financial (WLFI) token, endorsed by Donald Trump, is scheduled for September 2023 with trading expected to begin.
Trump's Endorsement and Key Players
The WLFI token has been endorsed by Donald Trump, who stated, "While I endorse the WLFI project alongside my family, it's important to clarify that we are not involved in its daily management." Key figures in the project include co-founder Zak Folkman and Tron founder Justin Sun, who invested $30 million.
Funding and WLFI Plans
The WLFI project successfully raised approximately $590 million through two public sales. The focus will be on governance within the decentralized finance (DeFi) sector, which is expected to influence token liquidity.
Market Expectations and Impact
Trading for WLFI is set to begin in September, which is expected to stimulate interest in the cryptocurrency market. Direct impacts on ETH and BTC are not forecasted, but an increase in interest in tokens and speculative trading is anticipated. Regulatory bodies have not yet commented on the situation.
The WLFI launch with Trump's endorsement may shift interest in the cryptocurrency market. Expectations are that details on tokenomics and DeFi integration will emerge as the project reaches its milestones.
