World Liberty Financial, a decentralized finance project, plans to raise $300 million through a token sale linked to former U.S. President Donald Trump and his sons.

Details of the Token Sale

The token sale is scheduled for next week, offering 20% of the total token supply. The project is valued at $1.5 billion. Co-founders Steve and Zach Witkoff, Zak Folkman, and Chase declared that this is only the initial phase. There are plans to sell 63% of the total token supply in the future. The remaining 37% will be divided between user rewards (17%) and the team (20%).

Project Development Phases

The project will roll out in three stages. The first phase will launch a DeFi lending platform on the Ethereum Layer 2 network Scroll, similar to Aave, allowing users to lend and borrow cryptocurrencies like bitcoin, ether, and stablecoins. The second phase includes integration with exchanges and the creation of a stablecoin-based credit card for real-world spending. In its final stage, the platform aims to fractionalize real-world assets such as hotels and sports clubs while obtaining regulatory licenses to serve as a settlement platform for stablecoins.

Functionality of WLFI Tokens

WLFI tokens will be used for governance, allowing holders to vote on decisions for the platform’s development. However, these tokens will not be transferable for the first 12 months, even if the community votes to allow transfers. This measure aims at sustainable platform development and security maintenance.

World Liberty Financial has initiated its first steps and is open to accredited investors in the U.S. and qualified investors in the UK and other countries. The project’s development plans appear ambitious, covering both cryptocurrency technology and real assets.