Trump-Backed World Liberty Financial Starts Token Sale Next Week

World Liberty Financial is gearing up for an exciting milestone with the launch of its public token sale next week. Backed by Donald Trump and his family, this event marks a significant opportunity for those interested in the cryptocurrency space. The sale will be open to individuals who qualify through the project's whitelist, offering exclusive early access to the WLFI token.

World Liberty Financial, Backed by Trump, Launches Public Token Sale Next Week

World Liberty Financial, a new decentralized finance (DeFi) protocol backed by Donald Trump and his family, has revealed plans to begin its token sale on Tuesday, just three weeks ahead of the presidential election, where Trump is running as the Republican candidate.

The project's social media account announced on Friday, "Public sale begins October 15, open to all who qualify through the whitelist."

Trump-Backed DeFi Project Aims for $300M Token Sale and Governance Launch

Presidential Election Winner 2024: Image Source: Polymarket

According to bettors on the blockchain prediction platform Polymarket, Donald Trump is seen as the leading candidate in the upcoming presidential election on November 5. World Liberty Financial, led by Zachary Folkman and Chase Herro—both of whom previously worked on the DeFi platform Dough Finance, which suffered a $2 million exploit in July—has gained notable attention.

Trump and his family have publicly supported the project on social media. Donald Trump himself holds the title of "Chief Crypto Advocate," while his sons, Eric Trump and Donald Trump Jr., serve as "Web3 Ambassadors." His youngest son, Barron Trump, is listed as the "DeFi Visionary." According to a roadmap reported by The Block on Thursday, the project aims to raise $300 million through token sales, valuing the initiative at $1.5 billion.

The new token, WLFI, will act as the protocol’s governance token, enabling users to vote on the platform’s development. The project plans to launch on Aave’s v3 platform on Ethereum’s mainnet, offering liquidity for digital assets like ether (ETH), wrapped bitcoin (wBTC), and stablecoins, as outlined in an Aave governance post on Wednesday.