Trump Family Launches $300M Crypto Project with WLFI Token Presale
TL;DR
- The Trump family-backed crypto initiative, World Liberty Financial, is launching its WLFI token presale with a goal of raising $300 million from over 100,000 accredited U.S. investors.
- Donald Trump serves as the chief crypto advocate for the project, which aims to enable governance participation in DeFi activities while ensuring compliance with U.S. regulations.
The Trump family-backed crypto initiative, World Liberty Financial, is gearing up for its WLFI token presale, aiming to raise $300 million and achieve a valuation of approximately $1.5 billion. This presale has attracted over 100,000 accredited investors in the U.S. and is designed to allow users to engage in decentralized finance (DeFi) activities like borrowing and lending.
Donald Trump is the chief crypto advocate for the project, with his sons, Eric and Donald Trump Jr., serving as web3 ambassadors. The familyâs involvement underscores the project's connection to the Trump brand and its potential influence on the crypto market. The WLFI token will also empower users to vote on protocol changes, ensuring governance decisions align with U.S. regulations.
World Liberty Financial's fundraising will support a platform for cryptocurrency transactions and liquidity pools. Trumpâs previous engagement with the crypto space, including exploring NFTs and holding $ETH, positions him as a proponent of digital currencies. Analysts suggest that a Trump victory in the upcoming election could be favorable for the crypto industry, especially compared to the stance of Democratic candidate Kamala Harris.
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