Donald Trump has thrown his support behind decentralized finance project World Liberty Financial (WLFI), saying the token sale will begin Tuesday morning. Trump wrote on social media platform X on Saturday that it was a “chance to help shape the future of finance,” and called for attendance at an X Spaces event on Monday to discuss the details of the token sale.
The project plans to raise $300 million from the initial sale by offering 20% of the WLFI tokens at a valuation of $1.5 billion. The token will be used to govern the platform, but will not generate income or be transferable, unlike most crypto assets.
A scam token with the ticker WLF is already trading on Uniswap and DODO, with the price already down 37.51%
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