As a researcher with years of experience in the dynamic and ever-evolving world of blockchain and cryptocurrencies, I find myself intrigued by the latest development involving World Liberty Financial (WLF) and its native token WLFI. The upcoming sale on October 15, endorsed by none other than U.S. Presidential candidate Donald Trump, certainly adds an interesting twist to the narrative.
The sale of World Liberty Financial’s (WLF) native token, WLFI, will go live on October 15.
According to U.S. presidential candidate Donald Trump, it’s his family who are spearheading this project.
X Spaces Slated for October 14
Over the weekend, Trump took to X and encouraged his followers to participate in shaping the financial landscape ahead. Additionally, he mentioned a special Spaces event scheduled for X, providing an opportunity for individuals to gain insights into the upcoming public offering.
As reported on the authorized WLF Telegram channel, the upcoming Spaces event promises to showcase our project’s team, advisors, and a few esteemed special guests yet to be revealed. Eligibility for participation in the sale will be granted only to those who make it onto the WLF whitelist.
On September 17, the politician unveiled a decentralized finance (DeFi) platform via a broadcast, facing some backlash. Although the initial online event drew around 150,000 listeners, the audience dwindled to approximately 47,000, with several viewers claiming that the speakers provided minimal concrete details about WLF, causing them to log off.
About three weeks after, on October 10th, I submitted a proposal to the Aave governance forum for the creation of an instance within their network. If this plan is endorsed, Aave will offer liquidity for WLF’s digital assets such as Ethereum (ETH), wrapped Bitcoin (WBTC), and various stablecoins. In exchange, AaveDAO will receive 7% of the total WLFI supply, along with 20% of all protocol fees generated by WLF.
The DeFi project is led by former Dough Finance employees Zachary Folkman and Chase Herro.
Project Looking to Raise $300 Million
It appears that World Liberty Financial is planning to collect around $300 million through a token sale, which would put its estimated worth at $1.5 billion. Owning these tokens grants individuals the ability to have a say in various development-related decisions within World Liberty Financial by voting on proposed ideas.
Trump’s declaration of the WLFI token sale happens precisely three weeks prior to the end of the U.S. presidential election, where cryptocurrency has become a significant topic.
The potential presidential candidate for the Republican party has shown strong gestures towards the cryptocurrency enthusiasts, such as vowing to dismiss the current chair of the Securities and Exchange Commission (SEC), Gary Gensler, on his inauguration day.
Due to actions perceived as excessive by many, Gensler’s regulatory agency has garnered significant criticism within the cryptocurrency sector.
Trump additionally pledged to formulate a Bitcoin (BTC) consultative body to provide guidance on his government’s digital asset policies, with a focus on the global leader in cryptocurrencies by market cap.
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2024-10-14 13:42