Donald Trump has backed a decentralized finance project called World Liberty Financial (WLF), which is set to issue its own token called WLFI. The sale of this token will begin on October 15, 2024. The project plans to raise $300 million by selling 20% ââof the total token supply, which is valued at $1.5 billion.
WLFI will be used as a governance token, allowing its holders to participate in decisions on the further development of the platform. The project is focused on integration with the major DeFi platform Aave, providing liquidity for assets such as Ethereum (ETH) and Bitcoin (wBTC). Interestingly, Donald Trump acts as the "Chief Crypto Advocate" of the project, and his sons, Donald Trump Jr. and Eric Trump, play the role of "Web3 Ambassadors"
.
