Former U.S. President Donald Trump and his three sons have launched the DeFi project World Liberty Finance, which is preparing for its first token sale next week. The project aims to raise $300 million by selling 20% of the WLFI tokens.

Project's Financial Goals

World Liberty Finance seeks to collect $300 million by selling 20% of the WLFI tokens. These tokens will not be transferable for the first 12 months. In the future, 63% of the token supply will be made available for public sale. Additionally, 17% of tokens are allocated for user rewards, and 20% for the team.

Team Composition and Roles

Donald Trump serves as the Chief Crypto Advocate for World Liberty Finance, with his sons acting as Web3 Ambassadors. The founding team includes Steve and Zach Witkoff, Zak Folkman, and Chase Herro. Luke Pearson from Polychain Capital is the platform president, while Corey Caplan, co-founder of Dolomite, serves as the Chief of Technical Strategy.

Trump's Changing Stance on Cryptocurrencies

Donald Trump's attitude toward cryptocurrencies has shifted. While he referred to them as 'dollar-killing scams' in 2021, he has embraced digital assets in his 2024 presidential campaign. At a Bitcoin conference in Nashville, he announced plans to make the U.S. the 'crypto capital'.

These developments illustrate Trump's transformative approach to cryptocurrencies. The launch of World Liberty Finance can be seen as a significant step toward solidifying the role of digital assets in the financial ecosystem. The project's success will depend on market reactions and regulatory interactions.