TL;DR
- World Liberty Financial, backed by the Trump family, has over 100,000 accredited investors on its whitelist ahead of the WLFI token presale scheduled for Tuesday.
- The project aims to raise $300 million, with a valuation of $1.5 billion; the WLFI token will serve as a governance mechanism.
- Trump has expressed his intention to position the U.S. as a global leader in cryptocurrencies, and his likely victory in the elections is perceived as a positive boost.
World Liberty Financial, a project backed by the Trump family, has announced that it has over 100,000 accredited investors on its whitelist ahead of the launch of its WLFI token presale scheduled for Tuesday.
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, allowing users to participate in activities such as loans and transactions with cryptocurrencies, as well as create liquidity pools and conduct operations with stablecoins.
.@WorldLibertyFi Token Sale goes live on Tuesday morning, October 15th! This is YOUR chance to help shape the future of finance. Be there on Monday, October 14th at 8 AM EST for an Exclusive Spaces to learn more. Join the whitelist today and be ready for Tuesday:…
— Donald J. Trump (@realDonaldTrump) October 12, 2024
The platform will be a unified environment designed to facilitate users’ access to a variety of financial services in the crypto market. According to the founders, Zachary Folkman and Chase Herro, all decisions related to the governance of the protocol will comply with U.S. regulations, ensuring that any changes are in accordance 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 implies 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 has attracted the attention of 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