Republican presidential candidate Donald Trump announces a token sale for his decentralized finance (DeFi) platform World Liberty Financial (WLFI) ahead of the election.
In a new forum thread on social media platform X, the former president said the WLFI would go on sale early this week, though no price was given.
"The token sale begins Tuesday morning, October 15th! This is YOUR chance to help shape the future of finance. Come to the exclusive event on Monday, October 14th at 8am ET to learn more."
In August, Trump announced the launch of his platform (then called “The DeFiant Ones”) to help those disenfranchised by banks.
Trump then said:
"For too long, the average American has been held down by big banks and the financial elite. It's time for us to take a stand — together."
In its roadmap, the project stated that its mission is to spread US dollar-pegged stablecoins and the DeFi concept around the world.
Weeks later, Trump confirmed the launch of an accompanying governance token. As a project spokesperson said at the time,
"We plan to sell and otherwise distribute governance tokens called WLFI in the future. WLFI tokens are pure governance tokens that only grant the right to propose and vote on issues related to the platform."
According to previous reports, 63% of all WLFI will be sold to the public, 17% will be allocated to rewards and 20% to team rewards.
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