2 hours ago
World Liberty Financial, the DeFi task backed by the Trump family, has secured implicit 100,000 accredited US investors for its WLFI token presale whitelist, scheduled for Oct 15.
The task is acceptable to rise $300 million, with a projected valuation of $1.5 billion. Its motorboat comes conscionable weeks earlier the US statesmanlike election, successful which erstwhile President Donald Trump is moving arsenic the Republican candidate.
WLFI token pre-sale
During an X Spaces treatment connected Oct. 14, co-founders Zachary Folkman and Chase Herro outlined the platform’s halfway services, emphasizing the platform’s semipermanent extremity of making DeFi much accessible.
Positioned arsenic a governance token, WLFI volition let users to enactment successful DeFi activities, including borrowing, lending, liquidity creation, and stablecoin transactions.
The 2 co-founders besides confirmed that non-US investors were cautiously vetted to comply with section regulations earlier participating successful the token presale. Several cardinal figures from the crypto abstraction attended the discussion, including Aave CEO Stani Kulechov and Scroll co-founder Sandy Peng.
The project’s governance exemplary volition absorption connected DeFi, with each decisions made successful enactment with US regulatory requirements. This absorption connected regulatory compliance ensures that the level remains a legally compliant operation, a important measurement successful gaining spot successful the nascent crypto industry.
The token is designed to relation wrong World Liberty Financial’s platform, which integrates elements of Ethereum and Scroll to supply precocious liquidity and low-fee transactions.
Additionally, the task volition incorporated the Aave V3 protocol for lending services, allowing users to get stablecoins and different assets utilizing collateral specified arsenic USDC and Ethereum (ETH). Notably, Aave volition person a 7% allocation of the WLFI proviso to service arsenic a governance partner
Trump’s involvement
Trump, serving arsenic the “chief crypto advocate,” has positioned the task arsenic portion of his broader imaginativeness to make the US a leader successful integer assets.
Meanwhile, Eric and Donald Trump Jr. are promoting the task arsenic “web3 ambassadors,” portion Barron Trump is credited arsenic the “DeFi visionary,” further highlighting the family’s nonstop involvement.
With conscionable 3 weeks near earlier the US election, marketplace analysts person pointed to Trump’s engagement arsenic a imaginable boost for the crypto sector. His pro-crypto stance contrasts sharply with Democratic campaigner Kamala Harris, who is seen arsenic little supportive of integer assets.
According to prediction markets, Trump is presently starring successful the 2024 statesmanlike race, with Polymarket showing him astatine 54.9% likelihood compared to 44.6% for Harris.
The station Trump family-backed World Liberty Financial adds 100,000 US accredited investors to whitelist appeared archetypal connected CryptoSlate.
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