"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 has announced that decentralized finance protocol World Liberty Financial’s token sale will go live 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 take part in the X Spaces event to be held on Monday regarding the token sale.
World Liberty Financial’s website now shows a ticking timer until the start of the sale.
Last week, The Block reported that the project is aiming 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 publication reported, 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 reacted positively to the news. Bitcoin BTC/USD saw a 0.34% increase over the last 24 hours, while Ethereum ETH/USD rose by 0.86%, and Dogecoin DOGE/USD gained 1.15%, according to data from Benzinga Pro.
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