The team behind the World Liberty Financial (WLFI) crypto project, promoted by former President Donald Trump and his sons, has confirmed that they will be launching a new governance token, WLFI.
WLFI will not be transferable and will not provide any economic rights. The team emphasized that they are offering this token only to those who want to participate in governance processes and not to those seeking economic returns. 63 percent of the tokens will be available for public sale, 17 percent will be reserved for user rewards, and 20 percent will be allocated to team members.
Currently, the token will only be sold to accredited investors under the SEC’s Regulation D exemption. Regulation D is a regulation that makes it easier for companies to raise capital and allows them to offer securities to accredited investors or in small private offerings without registering securities with the SEC.
“Our goal is to create projects that are easy to use and simple, so that people can participate in projects without needing a guide,” project co-founder Zak Folkman said during the live broadcast.
Polymarket bets
In a betting contract opened on Polymarket, the “Yes” response to the question of whether Trump would issue a cryptocurrency before the election exceeded 80 percent, but this rate dropped to 22 percent by the end of the broadcast.
Earlier in the broadcast, various members of the Trump family also shared their views on cryptocurrency. Donald Trump Jr. spoke about DeFi (decentralized finance), saying, “This is what our founding fathers envisioned for the country,” and that DeFi brings fairness back to the financial system.
Stay tuned for new information.
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