The DeFi project led by the Trump family - "World Liberty Financial" was officially launched today (17th). Although details about the project are still very sparse, the project team confirmed earlier that they will launch governance Token "$WLFI".
Zak Folkman, co-founder and chief operating officer of World Liberty Financial, revealed in a live interview on the social platform X Spaces today that $WLFI tokens will not be transferable and will not provide any economic rights. He also emphasized that the team hopes that token buyers They are supporters who want to participate in governance, rather than investors who only want financial returns.
According to the white paper exposed in advance, approximately 62.66% of the $WLFI supply will be distributed in the upcoming token sale; approximately 17.33% will be reserved as user rewards to promote community development; and the remaining 20% will be allocated to the team , consultants and future employees, but did not explicitly mention what the quotas were for the WLF Foundation, affiliates of the Trump Organization, and the Witkoff Group.
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The team also revealed that only certified qualified investors can purchase $WLFI, and token sales will be conducted under the "Regulation D" exemption provisions of the U.S. Securities and Exchange Commission (SEC). This exemption allows companies to raise capital through small private placements with qualified investors or through small private placements without registering securities with the SEC.
During the live broadcast, many members of the Trump family shared their views on cryptocurrency. Donald Trump Jr. believed that DeFi can restore fairness to the financial system, which is consistent with the "freedom, freedom, and freedom" emphasized when the United States was founded. "equality" spirit.
Eric Trump, Trump’s second son, also said that DeFi needs to be more accessible to ordinary people and shared the difficulties he encountered when using the decentralized lending platform Aave.
Although Trump himself also participated in the live broadcast, he did not specifically discuss World Liberty Financial, but shared his views on the development of cryptocurrency policy and his goal of making the United States a cryptocurrency center. Trump noted:
Whether we like it or not, cryptocurrencies are an area we must develop.
〈Trump’s DeFi project “World Free Finance” confirmed that it will launch a governance token “$WLFI”〉 This article was first published on "Block Guest".
