World Liberty Financial (WLF), backed by the Trump family, announced that over 100,000 U.S. investors had joined its whitelist before its token sale started on Oct. 15.
The decentralized finance (defi) project World Liberty Financial (WLF), sponsored by the Trump family, announced Monday that the whitelist has been expanded to include more than 100,000 accredited U.S. investors. Zachary Folkman and Chase Herro, the founders of WLF, disclosed that the initiative was motivated by “the vision of Donald J. Trump” at the X Spaces event.
Trump-backed WLF’s Defi Token Sale has been whitelisted by more than 100,000 U.S. investors.
The WLF team has disclosed that the whitelist for its token sale, which commences on Tuesday, Oct. 15, has already attracted more than 100,000 U.S. investors.
The project aims to achieve a $1.5 billion valuation post-funding by raising $300 million. The platform will provide lending and leasing services, similar to Aave, and the token, WLFI, will be a critical governance component. During their Monday engagement, the co-founders underscored the importance of stablecoins and liquidity pools in the project’s roadmap.
Rich Teo, the co-founder of Paxos, was announced to be responsible for the stablecoin operations of WLF during the Spaces session. Donald Trump Jr. also participated in the spaces, urging all individuals to vote in the forthcoming election.
The token sale adheres to the Regulation D regulations of the U.S. Securities and Exchange Commission, with 63% of the WLFI tokens reserved for public sale.
The team will receive approximately 20% of the funds, while the remaining 17% is designated for rewards within the project’s defi ecosystem.
