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World Liberty Financialâs $537M Token Sale Sparks Controversy đš
World Liberty Financial (#WLF ), an upcoming DeFi project tied to members of the Trump family, plans to raise $537 million by selling 30% of its WLFI tokens at a $1.8 billion valuation. Though Donald Trump and his family are not involved in the platformâs operations, they may still receive significant compensation. This could help Trump with his $454 million debt from a New York lawsuit.
The token sale has sparked #controversy due to the 70% allocation to insiders and WLF's connections to #Dough Finance, a DeFi protocol previously hacked. Despite reassurances about security, critics, including Nic Carter, fear it could lead to legal issues for Trump. Test contracts found by Dumpster DAO suggest the tokens may not initially be tradable, raising further regulatory questions.
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World Liberty Financial (#WLF ), an upcoming DeFi project tied to members of the Trump family, plans to raise $537 million by selling 30% of its WLFI tokens at a $1.8 billion valuation. Though Donald Trump and his family are not involved in the platformâs operations, they may still receive significant compensation. This could help Trump with his $454 million debt from a New York lawsuit.
The token sale has sparked #controversy due to the 70% allocation to insiders and WLF's connections to #Dough Finance, a DeFi protocol previously hacked. Despite reassurances about security, critics, including Nic Carter, fear it could lead to legal issues for Trump. Test contracts found by Dumpster DAO suggest the tokens may not initially be tradable, raising further regulatory questions.
If you enjoy my content, feel free to tip me â€ïž
#Binance
#crypto2024
