Republican presidential candidate Donald Trump announces a token sale for his decentralized finance (DeFi) platform World Liberty Financial (WLFI) as the election approaches.
In a new thread on the social media platform X, the former president explains say that WLFI will hit the market early this week, although no price has been specified.
“Token Sale goes live on Tuesday morning, October 15! This is YOUR opportunity to shape the future of finance. Join us on Monday, October 14th at 8am EST for an Exclusive Spaces to learn more.”
In August, Trump announced the launch of his platform – then called “The DeFiant Ones” – as a means to help those disenfranchised by the banks.
Trump said at the time:
“For too long, the average American has been squeezed by the big banks and financial elites. It is time for us to take a stand together.”
In its roadmap, the project said its mission is to spread stablecoins pegged to the US dollar and the concept of DeFi around the world.
Weeks later, Trump confirmed the launch of an accompanying governance token. As stated by a spokesperson for the project at the time:
“We plan to sell and otherwise distribute governance tokens called WLFI in the future. WLFI tokens are pure governance tokens and only grant the right to make proposals and vote on matters related to the platformM.”
According to previous reports, 63% of all WLFI will be sold to the public, while 17% will be allocated to rewards and 20% to team compensation.
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Generated image: Midjourney
