Trump’s World Liberty Financial Crypto Project Gains Over 100,000 Signups Ahead of Token Launch
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
Donald Trump’s crypto project, World Liberty Financial (WLFI), has reportedly garnered more than 100,000 signups ahead of its token launch on October 15.
The platform, which positions itself as a decentralized finance (DeFi) initiative, is set to release its Ethereum-based ERC-20 governance token, WLFI, offering users various DeFi functionalities, including borrowing, lending, and stablecoin transactions.
In an X Space on October 14, the platform’s head of operations, Zak Folkman, confirmed details about the upcoming token launch.
He reiterated that WLFI will serve as the governance token for the World Liberty Financial ecosystem.
Folkman was joined by team members Chase Herro and Zach Witkoff, who echoed previously shared information from an October 11 blog post.
The platform aims to provide users with the ability to interact with liquidity pools and engage in crypto-based lending and borrowing.
However, access to World Liberty Financial’s services in the U.S. will be restricted to accredited investors.
These investors must meet certain financial criteria set by the Securities and Exchange Commission (SEC), including earning over $200,000 annually and holding more than $1 million in assets.
https://t.co/ZxXKTAH9HD
During the X Space, Folkman also announced a new addition to the team.
Paxos co-founder Rich Teo will lead the stablecoin and payments division, bringing his expertise in blockchain technology to the initiative.
The tokenomics of the WLFI token reveal that 63% of the tokens will be sold to whitelisted members of the
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