ChainCatcher reported that according to DL News, a code test identified by X user Dumpster DAO showed that the Trump family's crypto project World Liberty Financial plans to sell 30% of its WFLI token supply at a valuation of $1.8 billion to raise funds. If all these tokens are sold, it will bring $537 million in revenue to the project's treasury.
Dumpster DAO checked the Dough Finance token deployer (an address on the Polygon blockchain) and found test contracts labeled WLFinancial and WLFiPresale. The contracts showed that 30% of the WLFI token supply was planned to be sold at six prices, starting at $0.0075 per token and ending at $0.03 per token, raising a total of $537 million. The code in the test stipulates that WLFI is not tradable initially, but it leaves the option for projects to upgrade WLFI to make it tradable at a later time.
The information contained in the test code matches the draft white paper for World Liberty Financial previously reported by CoinDesk. The draft states that insiders will receive 70% of WLFI tokens, and the remaining 30% will be sold to the public. At a valuation of $1.8 billion, those who will benefit from the project, including several members of the Trump family, could receive tokens worth nearly $1.3 billion.
