The project aims to raise $300 million and is valued at approximately $1.5 billion. The WLFI token will serve as a governance mechanism for the platform
World Liberty Financial, a venture backed by the Trump family, announced on Friday that its whitelist has crossed 100,000 accredited investors ahead of the launch of the WLFI token presale on Tuesday.
The project aims to raise $300 million and is valued at about $1.5 billion. The WLFI token will serve as a governance mechanism for the platform, enabling users to participate in activities ranging from loans and transactions with cryptocurrencies to creating liquidity pools and performing operations with stablecoins.
“Our goal is to create a platform that will revolutionize the way people interact with the crypto market,” said Zachary Folkman, one of the founders of the platform.
The platform will serve as a unified environment for users to access a broad spectrum of financial services in the crypto market. According to the founders, all decisions related to the governance of the protocol will comply with U.S. regulations, ensuring that any changes align with the law.
The concept of accredited investor in the U.S. allows certain individuals who meet specific income and net worth requirements to invest in unregistered securities, such as pre-IPO shares. This suggests that World Liberty Financial has adopted a cautious and regulated approach in its funding strategy, considering local regulations for investors outside the U.S.
Trump and the Promise to Boost the Crypto Industry in the U.S.
The project garnered attention from several figures in the crypto ecosystem, who participated in a call to discuss the launch. Among them were names like Stani Kulechov, founder of Aave, and Sandy Peng, co-founder of the layer-2 network Scroll.
Trump, who has positioned himself as a strong advocate for cryptocurrencies, has expressed his intention to make the United States a global leader in this space if re-elected.
His victory is expected to have a positive effect on the crypto industry, unlike the perception of Democratic candidate Kamala Harris, who is not seen as favorable to the sector. Currently, Trump’s chances of winning the election stand at 53.8%, according to the Polymarket platform, which generates optimism among crypto market investors
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