Key Takeaways
- World Liberty Financial has whitelisted 100,000 U.S. accredited investors.
- WLFI token presale aims to raise $300 million with a $1.5 billion valuation.
- The platform will offer DeFi services like borrowing, lending, and liquidity pools.
World Liberty Financial, a new project backed by Donald Trump, has whitelisted over 100,000 accredited U.S. investors ahead of the WLFI token presale launch.
The presale is scheduled to begin Tuesday morning, just three weeks before the U.S. presidential election, where Trump is the Republican candidate.
Token
The WLFI token will serve as a governance token for the platform, claiming to allow users to participate in decentralized finance (DeFi) activities such as borrowing, lending, creating liquidity pools, and transacting with stablecoins.
The project aims to raise $300 million, with a valuation set at $1.5 billion.
In a recent X Spaces discussion, founders Zachary Folkman and Chase Herro announced that non-U.S. investors were required to meet local regulatory requirements before being whitelisted. Prominent figures such as Stani Kulechov, founder of Aave, and Sandy Peng, co-founder of Scroll, attended the event.
Donald Trump has promoted the project as part of his broader goal to make the U.S. a global leader in bitcoin and decentralized finance. His sons, Eric and Donald Trump Jr., are “web3 ambassadors,” while Barron Trump holds the title of “DeFi visionary.”
World Liberty Financial will comply with U.S. regulations to ensure governance decisions align with existing laws.
Bitcoin community reacts
Bitcoiners are cautious about Donald Trump’s new World Liberty Financial project, questioning its alignment with Bitcoin’s values.
