Trump, the former US President and the popular Republican candidate, suddenly announced the launch of their new DeFi favorite, World Liberty Financial (WLFI) last month! This is simply explosive news!
At the critical moment of the three-week countdown to the US presidential election, Trump announced on Twitter on Tuesday: The public sale of WLFI tokens has officially started! Only $0.015 per token, and it also supports ETH, USDT, USDC or WETH purchases! This wave of operations is simply amazing!
However, the WLFI token public sale got off to a bad start! The official website crashed and people doubted their lives, but even so, nearly 3,000 brave people still snapped up the tokens!
Data shows that in the first hour of the public sale, about 344 million WLFI tokens were sold out, but so far, only 730 million tokens have been sold, equivalent to $11 million, not even 4% of the 20 billion tokens for public sale! The fundraising goal of $300 million seems to have to work harder!
WLFI consultant Sandy Peng explained that the official website crashed because of too much traffic, and the team did not expect so many people to pay attention to it. His Scroll network will be responsible for hosting World Liberty Financial's blockchain application, and he hopes that it will not fail again next time.
So what is the use of WLFI tokens? Officials said that WLFI tokens can be used to govern their platform, allowing users to participate in lending and other DeFi activities. However, they cannot be transferred for the time being, and there is a 12-month lock-up period. Holders can vote on matters such as protocol upgrades and technical changes, which sounds quite interesting.
The total supply of WLFI tokens is up to 100 billion, and holders can also propose changes to the platform in the future. But since all WLFI are non-transferable, they will be locked in wallets or smart contracts indefinitely. The WLFI team promises that all governance decisions will comply with US regulations, which is reassuring.
Attention! The WLFI token sale is limited to non-US persons and qualified US investors. Officials say they have whitelisted more than 100,000 qualified US investors. The restriction on US investors is to protect WLF from violating US securities regulations.
In the United States, qualified investors must be authorized by the SEC to invest in unregistered securities. They must meet certain income and net worth standards, such as an annual income of $300,000 and total assets of more than $1.5 million. It seems that if you want to invest in WLFI tokens, you have to have some strength!
The WLFI token public sale is really scary! Let's wait and see what surprises or shocks there are in the future!
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