{"id":93621,"date":"2024-09-17T09:02:42","date_gmt":"2024-09-17T13:02:42","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=93621"},"modified":"2024-09-17T09:03:37","modified_gmt":"2024-09-17T13:03:37","slug":"trump-crypto-project-to-allocate-63-wlfitokens","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/trump-crypto-project-to-allocate-63-wlfitokens\/","title":{"rendered":"Donald Trump\u2019s Crypto Project to Allocate 63% WLFI Tokens to Public"},"content":{"rendered":"\n

Donald Trump's crypto project<\/a>, World Liberty Financial, will hold 63% of WLFI token supply for public addressing regulatory purposes.<\/p>\n\n\n\n

\"Donald<\/figure>\n\n\n\n

On Monday, Republican presidential candidate Donald Trump officially introduced his much-anticipated decentralized finance (DeFi) crypto project, World Liberty Financial. <\/p>\n\n\n\n

Shortly after, it was revealed that the project would have its own native token, WLFI, though only limited details were available about the initiative.<\/p>\n\n\n\n

Donald Trump\u2019s World Liberty Financial WLFI Token Distribution<\/strong><\/h2>\n\n\n\n

Trump provided few specifics about the crypto project during his two-hour livestream, but later Zak Folkman, one of the project leaders, confirmed that there “will be a token.”<\/p>\n\n\n\n

In a prepared statement, Folkman explained that World Liberty Financial would issue non-transferable WLFI tokens, which would serve as “pure governance tokens, only allowing holders to make proposals and vote on platform-related matters.”<\/p>\n\n\n\n

Details about the WLFI token distribution indicate that 63% of the tokens will be available to the public, while 17% will be set aside for public use, and the remaining 20% will be allocated for public compensation.<\/p>\n\n\n\n

\n

*WLFI TOKEN DISTRIBUTION ALLOCATION: 63% WILL BE SOLD TO PUBLIC, 17% FOR USER REWARDS, 20% FOR TEAM COMPENSATION: X SPACES – THE BLOCK PRO<\/p>— The Block Pro Headlines (@theblockupdates) September 17, 2024\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/blockquote>

Addressing Security Concerns<\/strong><\/h2>\n\n\n\n

Folkman also touched on concerns about regulatory uncertainty surrounding crypto tokens and their sales in the U.S., noting that WLFI sales would be limited to certain individuals.<\/p>\n\n\n\n

\n

“Although we don\u2019t consider WLFI to be a security, it\u2019s prudent to limit the sales to those eligible for transactions exempt from registration under U.S. federal securities law,” he said. <\/p>\n<\/blockquote>\n\n\n\n

U.S. participants will need to be accredited investors or reasonably verified to engage in token sales.<\/p>\n\n\n\n

Folkman, along with Chase Herro, the co-leader of World Liberty Financial, emphasized that the project aims to remove barriers within the traditional financial system.<\/p>\n\n\n\n

Despite the project's launch, the community reaction has been largely negative. <\/p>\n\n\n\n

After the recent assassination attempt on Trump, the former president unveiled the project but shared minimal details about the DeFi platform\u2019s functionality, leading to disappointment among the audience.<\/p>\n\n\n\n

\n

We\u2019re over two hours into this Trump crypto call and they haven\u2019t yet spoken about what the platform does. The listener count has dropped from 150,000 to 47,000. What a wasted opportunity!<\/p>— Wayne Vaughan (@WayneVaughan) September 17, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

Several listeners in the X Spaces<\/use><\/svg><\/span><\/a> launch of World Liberty Financial voiced frustration about the lack of substantial information on the platform's functionality.<\/p>\n\n\n\n

Previous reports suggest that Trump\u2019s DeFi project may offer borrowing and lending services, similar to Dough Finance.<\/p>\n\n\n\n

Crypto has become a focal point in the ongoing Trump vs. Harris rivalry. Recently, XRP Healthcare, a startup based on the XRP Ledger<\/a>, endorsed Trump for the upcoming presidential election.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Donald Trump’s crypto project, World Liberty Financial, will hold 63% of WLFI token supply for public addressing regulatory purposes. On Monday, Republican presidential candidate Donald Trump officially introduced his much-anticipated decentralized finance (DeFi) crypto project, World Liberty Financial. Shortly after, it was revealed that the project would have its own native token, WLFI, though only […]<\/p>\n","protected":false},"author":56,"featured_media":93626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[132,12496,21874,21875,21808],"class_list":["post-93621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-donald-trump-2","tag-donald-trump-crypto-project","tag-wlfi","tag-world-liberty-financial"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/09\/Donald-Trumps-Crypto-Project-to-Allocate-63-WLFI-Tokens-to-Public-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/93621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=93621"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/93621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/93626"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=93621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=93621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=93621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}