Initiated by Donald Trump, the World Liberty Financial (WLF) project presented its 'Gold Paper', revealing its token distribution plans and mission. Trump and his family are set to receive a significant share of the project.
Key Aspects of the 'Gold Paper'
The WLF's 'Gold Paper' states that 22.5 billion $WLFI tokens will be allocated to the Trump family. At launch, these tokens are valued at $337.5 million. The document underscores that neither Donald Trump nor his family hold liability as directors or employees of the project.
Strategy and Goals of the WLFI Token
Once known as 'The DeFiant Ones', the project is actively pushed as Trump contends with Kamala Harris politically. The new WLFI token aims to raise $300 million at a $1.5 billion valuation. So far, $12.9 million worth of tokens have been sold. The token allocation includes 35% for sale, 32.5% for community development, and 30% for initial support.
Prospects and Market Impact
WLF positions itself as a crypto bank, offering clients the ability to borrow, lend, and invest in digital assets. An initial $30 million is planned to be held for operating expenses. According to forecasts, Donald Trump has a 61% chance of winning the 2024 presidential elections, impacting the crypto market with Bitcoin rising to $68,022 and total market volume reaching $2.32 trillion.
The WLF project represents an ambitious venture by Donald Trump in the cryptocurrency sector, already impacting the crypto market. Future outcomes will depend on the success of the WLFI token and Trump's position in the election race.