WLFI, a project tied to Donald Trump, launched its initial token sale, raising $12 million. The project aims for $300 million but has only reached 4% of this goal so far.

WLFI Presale Goals and Outcomes

In the WLFI project, Trump will receive 75% of all revenues, including presale profits. A significant portion of the first $30 million raised will cover expenses. Currently, only $12 million of the $300 million target has been raised. WLFI has attracted over $8 million in stablecoins and ETH through sales facilitated by the second-largest holder controlling 20% of the total token supply.

Accredited Investors and Purpose of WLFI

According to WLFI executive Zachary Folkman, over 100,000 accredited U.S. investors were approved before the token sale began. These investors must have over $1 million in net worth and at least $200,000 in yearly income. The WLFI token is designed as a governance token, allowing holders to vote on rules and decisions, making it part of a financial services platform.

Looking Ahead

A week before the sale, the WLFI team proposed using the Aave platform to provide liquidity in stablecoins, ETH, and WBTC. This initiative aims to attract more users and integrate into the broader DeFi ecosystem.

WLFI faced challenges at the start of its presale, reaching only a small percentage of its target amount. Nevertheless, the project is focused on further development in the DeFi sector and attracting new users to the platform.