World Liberty Finance aims to raise $300M by offering 20% of WLFI tokens, valuing it at $1.5 billion.
WLFI tokens will remain non-transferable for 12 months, but governance rights activate from day one.
Trump's shift to embracing crypto marks a new fundraising strategy as he gears up for the 2024 election.
World Liberty Finance aims to raise $300 million in an upcoming token sale, scheduled to launch next week. This sale will see 20% of the WLFI tokens made available, with the total project valued at $1.5 billion.
Token Sale Details and Future Plans
The initial sale of WLFI tokens will be crucial in determining the project’s success, as it marks the first phase of a larger rollout. According to sources, the tokens will be non-transferable for the first 12 months, even if a community vote allows transfers during this period.
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However, governance functionalities for token holders will remain active from the start. This will enable participants to have a say in the platform's development.
Apart from the 20% reserved for the token sale, an estimated 63% of the token supply will be available for purchase in upcoming public offerings. 17% more is set aside for rewarding users, while 20% goes to the team running the project.
The purpose of the WLFI token is to serve as a governance token, enabling holders to participate in voting for important choices that impact the platform's future trajectory.
WLFI Partnerships and Integration with DeFi Protocols
World Liberty Finance is set to deploy on the Aave DeFi protocol. The plan has detailed a phased implementation process, starting with a DeFi lending platform that allows users to borrow and lend popular cryptocurrencies such as Bitcoin and Ether.
Upcoming stages will incorporate connecting with cryptocurrency exchanges to provide smooth onboarding and offboarding services. Furthermore, there are arrangements being made for a credit card based on stablecoin. It will enable users to utilize cryptocurrencies for everyday purchases.
The project also aims to split real-world assets like hotels and sports clubs, as part of its long-term plan.
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