The WLFI token sale of the World Liberty Financial platform supported by the Trump family has officially started, and the official website has been paralyzed several times due to the surge in traffic. As of 11:30 am Beijing time on October 16, the project has sold 687 million WLFI tokens, and the remaining 19.313 billion are for sale. At a price of $0.015 per token, the first-day sales were approximately $10.3 million. According to data, only 7,486 independent wallet addresses hold WLFI, far lower than the more than 100,000 registered users who joined the whitelist announced by the team the day before the token was released.
Official website 🔗 Portal: Enter WLFI on Twitter to find the official website. I won’t post the link. See the picture below
It is worth noting and paying attention to the fact that Donald Trump may become the first US president to launch a cryptocurrency, depending on the results of the November election. (The current approval rating has reached 54.7%)
With 20 billion WLFI tokens available at $0.015 each, the initial sale will seek to raise $300 million, with 20% of the token supply to be sold at a fully diluted valuation of $1.5 billion. 20% of WLFI (the project's governance token) will be used to compensate the team, 17% will be used to reward users, and 63% of WLFI tokens will be sold publicly on the WLF website for whitelisted users, but a portion of the funds will also be used to compensate insiders.
The Trump family crypto project World Liberty Financial has updated the terms and conditions for the sale of its WLFI tokens. The main contents are as follows:
WLFI is used for governance purposes only and not as an investment vehicle;
Tokens do not confer any economic rights or ownership;
All WLFI is currently locked indefinitely in wallets or smart contracts and is not transferable;
If you wish to unlock the transferability of WLFI through the protocol governance process in the future, the following conditions must be met: determine that it does not violate applicable laws and at least 12 months after the completion of the token sale;
As the Tokens are not transferable, the Company has not taken any action at this time and does not plan to create a secondary market for the Tokens;
Tokens are non-refundable after purchase, except as required by applicable law;
WLF reserves the right to refuse or cancel token purchase requests.
Even if the community votes to remove this restriction, any changes will only take effect after an initial one-year period. Despite the lock-up period, token holders will still have a say in network governance, which is a key use case for the WLFI token.
The WLFI token supply will be used in a public sale, with World Liberty Financial aiming to raise $300 million. The project’s roadmap pegs the protocol’s value at $1.5 billion.
The first phase of World Liberty Financial is to launch a version of DeFi lending platform Aave on Ethereum’s second-layer network Scroll, allowing users to lend and borrow tokens, starting with assets such as ETH, WBTC, USDC, USDT, etc. The second phase is exchange integration, allowing users to go on and off-chain through on-chain proof “know your customer” KYC protocols, and the final phase is to segment real-world assets and obtain regulatory approval.
Registration process: (Tools: wallet and ladder)
1 Open the official website: Select Non-US Resident
2 Connect your wallet: Metamask or OKX Web3 is recommended (it is best to have no money in your wallet, specifically for airdrops, and transfer money in when needed)
3 Authorized Signature
4 KYC certification: Upload your ID card, passport, or driver's license. Then perform facial recognition and wait for system verification, which will be confirmed in a few minutes.
Kind tips:
Regarding the WLFI token, a DeFi project launched by the Trump family, I personally suggest that if you are interested in WLFI, don’t rush to buy it, wait and see, and observe the subsequent announcements and dynamics, market reactions, etc. after the project is launched. It’s not too late to wait for the market’s feedback on this project before making a decision.
Due to the heavy traffic, the website is often inaccessible or the system fails. Please try a few more times or try again at a different time or with a different wallet.
I tried to register for the whitelist and give it a try. I have no intention of buying it yet, and I don’t know if it succeeded. When I connected to the website, it always showed an error. Finally, I passed when I was serious about the face recognition, but then I jumped directly. I feel speechless and don’t know if it succeeded. I tried it with my mobile phone, and tried it again with my computer at night. I heard that it would be better to register users on the computer. In addition, I feel that the price is a bit high, and there are so many tokens. The total supply of WLFI is 100 billion. I will wait and see what the latest news will be later. If I buy it, I will also have the mentality of playing and trying it out. Don’t rush in. After all, this kind of project is extremely risky, and he will lock the position for one year. Who knows what will happen after one year. And now due to channel congestion, the gas fee will be more expensive. I estimate that the gas fee will be cheaper in the later stage.
If any of your friends have successfully registered and purchased something, please share your registration experience or opinions on this project in the comment section. Thank you!
I also saw this project and felt a little interested in it, so I sorted out the information and sent it to you all. If I said anything wrong, please forgive me, point out the mistakes and help me correct them. At the same time, I can also learn more knowledge. Thank you, please.
This type of project is extremely risky, please participate with caution! Or don't participate!
Please don't criticize me if I said anything wrong. Thank you all. I am also constantly learning to make myself better.
I wish that the number of coins will continue to increase and your wealth will roll in in the coming market.
