According to ChainCatcher, The Block reported that since the whitelist of the Trump family project WLFI went online on September 30, more than 100,000 people have registered to join the whitelist, and a "golden document" will be released on Tuesday.
In terms of distribution, 63% of WLFI tokens will be sold to the public starting on Tuesday, October 15. The remaining 17% will be used to reward users and 20% will be used for team compensation. WLFI will be open to accredited investors in the United States, accredited investors in the United Kingdom, and investors outside of these countries.
According to a roadmap seen by The Block, WLFI’s “first sale” will seek to raise $300 million and sell 20% of the token supply at a fully diluted valuation of $1.5 billion.
The first phase of World Liberty Financial is to launch a version of DeFi lending platform Aave on Ethereum Layer 2 network Scroll, allowing users to lend and borrow tokens, starting with Bitcoin, Ether and stablecoins. The second phase is to integrate with exchanges to allow users to on-board and off-board through proof of on-chain "know your customer" (KYC) protocols. The final phase is to sub-divide real-world assets and obtain regulatory approval.
In a livestream, Paxos announced that co-founder Rich Teo has joined the World Liberty team as its head of stablecoins and payments. It is unclear whether he has left his position at Paxos.
