Republican presidential candidate Donald Trump helped officially unveil World Liberty Financial on Monday night, a DeFi (decentralized finance) project that plans to sell a non-transferable governance token called WLFI.
âCryptocurrency is big but itâs still in its infancy compared to what itâs going to be⊠I think my kids opened my eyes,â Trump said.
However, outside of the philosophy of complete decentralization of cryptocurrencies, participation in the WLFI token will be restricted to accredited investors due to regulatory uncertainty.
63% of WLFI tokens will be sold to the public, with 17% allocated to user rewards and 20% to team compensation.
Trump began his shift to a pro-crypto stance earlier this year and aims to position the United States as the âcrypto capitalâ of the world.
