"This is YOUR chance to help shape the future of finance," Trump wrote on social media platform X, formerly Twitter, about the upcoming token sale.
Former President Donald Trump announced on Saturday that decentralized finance protocol World Liberty Financial will begin selling its tokens on Tuesday morning.
“This is YOUR chance to help shape the future of finance,” Trump wrote on social media platform X, formerly Twitter, about the upcoming token sale. The President also urged interested candidates to participate in the X Spaces event on Monday regarding the token sale.
World Liberty Financial’s website now shows a ticking timer until the start of the sale.
“Big news! @WorldLibertyFi public sale starts Oct. 15th, open to everyone who qualifies through the whitelist. Join us for a Twitter Spaces on Oct. 14th at 8 AM EST to learn more. Stay tuned for updates!”
According to a recent report by The Block, the project aims to raise $300 million from the initial sale. It will sell 20% of the token supply at a $1.5 billion fully diluted valuation, the report said, citing the roadmap shared with prospective investors.
The token, called WLFI, will serve as the platform’s governance token and will allow users to vote on its future development. However, the token will be non-transferable and non-yielding, unlike most crypto assets that can be traded or generate passive income.
The broader crypto market responded positively to the news. Bitcoin (CRYPTO: BTC) saw a 0.34% increase over the last 24 hours, while Ethereum (CRYPTO: ETH) rose by 0.86%, and Dogecoin (CRYPTO: DOGE) gained 1.15%, according to data from Benzinga Pro.
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