- Trump-backed DeFi project World Liberty Financial hits 100K U.S. investor signups before WLFI token presale.
- The WLFI token presale aims to raise $300M. It will offer governance in borrowing, lending, and stablecoin transactions.
- Trump's role as "chief crypto advocate" boosts WLFI’s visibility, aligning DeFi with the political spotlight ahead of the election.
The Trump family-backed decentralized finance (DeFi) project World Liberty Financial has whitelisted more than 100,000 accredited U.S. investors for its presale of the WLFI token, which begins tomorrow. The presale has a price target of $300 million and a company valuation of $1.5 billion.
With the platform, users can participate in DeFi activities such as lending. Donald Trump is leading the Republican party, and this comes three weeks before the United States presidential election.
WLFI to Serve as Governance Token
The governance token WLFI (from the Ethereum ERC20 standard) will govern World Liberty Financial’s platform. It allows users to vote on protocol changes and strategies.
Designed from the ground up to comply with U.S. regulations, project co-founders Zachary Folkman and Chase Herro are confident that legal standards will anchor all governance decisions. Local laws whitelisted non-U.S. investors, opening the platform to more international participants.
DeFi Platform to Offer Borrowing, Lending, and Stablecoin Transactions
World Liberty Financial will offer cryptocurrency borrowing and lending, liquidity pool creation, and stablecoin transactions on its platform. Users will be able to engage in DeFi inside a regulated framework.
Paxos co-founder Rich Teo recently joined the project to lead its stablecoin and payments division. This indicates that the platform wants to establish itself as a leading provider of solid financial services. 63% of WLFI tokens will be sold to the public during the token presale, 17% for user token rewards, and 20% for the project team.
World Liberty Financial has become famous for its involvement in the Trump family. The project calls Donald Trump “the chief crypto advocate” and his sons Eric and Donald Trump Jr. “web3 ambassadors.”
The involvement of Trump has been of interest and criticism because some accuse him of having a political motive behind the project’s alignment with Trump’s ambitions. However, the project continues to gain steam until the day of the U.S. presidential election.
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