According to TechFlow, World Liberty Financial (WLFI), a DeFi application related to members of the Trump family, plans to conduct a large-scale token sale, which could bring hundreds of millions of dollars in revenue to former President Trump.
According to a code test discovered by X user Dumpster DAO on September 4, the project plans to sell 30% of the WLFI token supply at a valuation of $1.8 billion, raising $537 million.
The project white paper states that although the platform is not directly owned or operated by Trump, he and his family members may receive compensation from it. If all 30 billion tokens are sold, the project will raise $537 million, close to the $454 million fine Trump must pay in the New York State business fraud lawsuit.
Insiders will receive 70% of the tokens, worth nearly $1.3 billion. Some analysts worry that this may cause legal trouble for Trump. Code testing also shows that WLFI tokens are not tradable in the early stage, but may be upgraded later. It is unclear whether such token sales will attract the attention of regulators. A spokesman for World Liberty Financial declined to comment.