- Launch of WLFI Governance Token
- Discussion on DeFi and Crypto Future
- WLFI Project's Prospects and Challenges
World Liberty Financial (WLFI), backed by the Trump family, confirmed its plans to launch a governance token during a live stream. The token will be offered under an SEC Regulation D exemption, Rule 506(c), allowing only accredited investors to participate.
Launch of WLFI Governance Token
Unlike typical crypto tokens, the WLFI token will be non-transferable and won’t offer economic rights. It focuses solely on governance participation and was created amidst regulatory uncertainties in the U.S. During the stream, which attracted over 100,000 listeners, the WLFI team revealed that 63% of the token supply will be sold to the public, with 17% reserved for user rewards, and 20% allocated to the team.
Discussion on DeFi and Crypto Future
The project aims to offer decentralized finance (DeFi) services, such as borrowing and lending on the Ethereum blockchain. Steve Witkoff, a real estate investor and close ally of Donald Trump, introduced the Trump family to crypto entrepreneurs Zak Folkman and Chase Herro, leading to the formation of World Liberty Financial. Donald Trump Jr. expressed his enthusiasm for DeFi, stating it aligns with the principles of fairness in the financial system. Eric Trump noted that using platforms like Aave can be challenging for regular users and emphasized the need to make DeFi more accessible.
WLFI Project's Prospects and Challenges
Though Donald Trump himself joined the event, he focused on his views about crypto’s role in the future. He highlighted how his perspective on digital assets changed after the success of his NFT collections. Quote: "Crypto is something we have to do," Donald Trump added. World Liberty Financial’s token launch comes amidst regulatory challenges, with concerns that the project might complicate crypto regulation if Trump returns to office. However, the team plans to make WLFI user-friendly and secure, ensuring a fair token distribution without early buy-ins or venture capital involvement.
Thus, backed by the Trump family, World Liberty Financial is launching the WLFI governance token, designed for accredited investors only. The project faces regulatory challenges, but the team aims to ensure fair and secure governance participation.
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