World Liberty Financial sells non-transferable WLFI token. These are purely managed tokens that give only the right to propose and vote on the platform.
WLFI tokens drop 96% when Trump announces the World Financial Liberty project.
WLFI #token drops 96% as Trump announces World Financial Liberty project | Coinspeak
Donald Trump officially announced his #DeFi #cryptocurrency project, World Liberty Financial, but provided few details about the platform during a two-hour live broadcast.
Later, project manager Zach Folkman confirmed the launch of the non-transferable managed token WLFI.
The project's draft white paper outlines plans to work with DeFi's #Aave app to create a loan and lending system.
Donald Trump announced his crypto project, World Liberty Financial, on Monday, after which project leaders announced the launch of their own token, WLFI. The announcement was made in an interview with X Spaces when Trump made his first public appearance since the second assassination attempt on him last weekend.
In a live broadcast titled "Cryptocurrency Appeal, Trump said: "We're going to make our country great like never before.
However, during the 45-minute segment, Trump said almost nothing about the DeFi World Liberty Financial crypto project. Details of that project are currently unknown. However, two hours after the live broadcast began, project leader Zach Folkman said that tokens would be issued.
Folkman also said he would be selling non-transferable WLFI tokens, purely management tokens that give the right to propose and vote on issues related to the platform.
However, for other regulatory reasons, the tokens will only be sold to accredited investors in the US.
Faulkman added that the sale of WLFI tokens to non-U. S. persons will be subject to applicable restrictions.
According to CoinMarketCap, the price of World Liberty Financial's WLFI native token fell 96% immediately after launch. Its market value is also below $ 50,000.
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