- The Donald Trump-backed DeFi project World Liberty Financial will launch its token sale for accredited investors on October 15th.
- World Liberty Financial is an Ethereum-based DeFi project that aims to provide borrowing and lending crypto services, with the goal of becoming a “one-stop-shop for DeFi across the globe.”
- Initially, the project will only be open to accredited investors in the U.S., but the team hopes to eventually open it up to all Americans.
Former President Donald Trump‘s decentralized finance (DeFi) project, World Liberty Financial, has announced it will launch its token sale next week. The public sale will start on Tuesday, October 15th and be open to those who qualified through the whitelisting process.
World Liberty Financial Announces Token Sale
In a post on Twitter on Friday, October 11th, World Liberty Financial revealed the token sale date. The sale is currently only open to accredited U.S. investors, meaning those with a high net worth or income. The project hopes to eventually open up to all Americans.
About World Liberty Financial
World Liberty Financial is an Ethereum-based DeFi project first announced by Donald Trump’s son, Eric Trump, back in August. In an interview last month, the team said the project will offer crypto borrowing and lending services. They aim to become a one-stop shop for DeFi globally.
The Risks of DeFi
DeFi wants to replace traditional financial services using blockchain technology. However, it is an experimental sphere with many risky projects. Hacks are not uncommon. A prime example of an established DeFi project is Uniswap, a decentralized exchange.
Donald Trump Embraces Crypto
Ahead of the 2024 election, Donald Trump has positioned himself as crypto-friendly. Previously critical of Bitcoin, he now supports crypto and wants Bitcoin mining done in America. He said World Liberty Financial will help make the U.S. the crypto capital.
