Donald Trump's crypto project surprises: WLFI token is coming!
Republican presidential candidate Donald Trump introduced his highly anticipated project World Liberty Financial on Monday night.
"We are embracing the future with crypto and leaving the slow and outdated big banks behind," Trump said in a recent promotional video. Trump said on Spaces at X by social media phenomenon Farokh that NFT projects are starting to open his eyes to the crypto world. The live broadcast lasted more than two hours. The US presidential candidate, who often voices his support for the crypto industry, attracted attention with the project's token WLFI.
Dough Finance co-founders Zachary Folkman and Chase Herro took the floor with Eric Trump to discuss the reasons for establishing World Liberty Financial in more detail. "Take DeFi well and offer it to the people," Folkman said. He then confirmed that World Liberty Financial will sell a governance token called WLFI. Folkman said the distribution of the WLFI token will be as follows: 63 percent will be sold to the public, 17 percent will be used for user rewards, and 20 percent will be used for the team.
The project was first announced on August 7 by Donald Trump Jr. and Eric Trump, and it was said that crypto/DeFi related announcements would be made soon. At the time, the Trump family said, “Decentralized finance is the future, don’t be left behind.” The future of the project and the impact the Trump family will have on the industry are eagerly awaited.