📣 New Details on World Liberty Financial
posted 17 Sept 2024
Yesterday’s livestream on X unveiled fresh details about Donald Trump's sons' DeFi initiative, World Liberty Financial, which we covered in a dedicated article on our website.
It was confirmed that the project will offer cryptocurrency lending services on Ethereum and will introduce its own token, WLFI.
Notably, the sale of WLFI tokens will be regulated by the U.S. Securities and Exchange Commission (SEC), meaning only accredited investors will be able to purchase them. These assets will serve as governance tokens and will not be available for trading.
Additionally, the Trumps detailed the token distribution structure. 62.66% of the token supply is set aside for future sales, with a portion of the proceeds going to the project’s reserve.
Additionally, 20% of the tokens will be allocated to the project team, its advisors, and employees. A portion of WLFI, not yet disclosed, will be allocated to the WLF Foundation. Finally, 17.33% will be directed towards expanding governance participation in World Liberty.
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