BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Trump-Linked World Liberty Financial Begins $300M Token Sale

by Sham
October 10, 2024
in Crypto, DeFi, Featured
A A
Trump-Linked World Liberty Financial Begins $300M Token Sale
3
SHARES
Share on TwitterShare on Reddit

• Trump-linked World Liberty Financial is looking to raise $300 million at a $1.5 billion valuation in an initial sale of tokens next week
• The WLFI governance token will be non-transferable for 12 months but can be used for voting
• World Liberty Financial plans to launch a version of Aave on Ethereum Layer 2 Scroll, integrate with exchanges, create a stablecoin credit card, and fractionalize real-world assets

World Liberty Financial, a DeFi project associated with Donald Trump and his sons, aims to raise $300 million next week through an initial sale of governance tokens, according to a roadmap obtained by The Block.

NEW: 🇺🇸 The token sale for Donald Trump's DeFi project @worldlibertyfi is set to launch next week, selling 20% of its supply at a $1.5 billion valuation pic.twitter.com/89Itj6nq8p

— BlockNews.com (@blocknewsdotcom) October 10, 2024

World Liberty Financial Overview

World Liberty Financial is an upcoming crypto project co-founded by Steve and Zach Witkoff, Zak Folkman, and Chase Herro. The project’s mission is to drive mass adoption of digital assets through a compliant one-stop platform for alternative finance.

The project touts Donald Trump as its Chief Crypto Advocate and his three sons as Web3 Ambassadors. It also lists Polychain Capital’s Luke Pearson as its Head of Platform and Dolomite’s Corey Caplan as its Head of Technical Strategy.

WLFI Token Sale Details

The roadmap reveals that the initial sale of WLFI tokens will aim to raise $300 million at a $1.5 billion fully diluted valuation. This suggests there may be further token sales to follow.

WLFI will be a governance token used to vote on decisions about the future development of the WLFI platform. These tokens will be non-transferable for the first 12 months, even if the community votes to make them transferable during this period.

World Liberty Financial’s Plans

The first phase of World Liberty Financial is to launch a version of DeFi lending platform Aave on Ethereum Layer 2 network Scroll to enable lending and borrowing of tokens.

The second phase integrates with exchanges to allow easy on-ramping and off-ramping using on-chain KYC. World Liberty intends to create a stablecoin credit card to enable real world spending.

The final phase involves fractionalizing real-world assets and obtaining regulatory licenses to do so. This includes assets like hotels and sports clubs. The project also hopes to build a settlement platform for stablecoins.

Conclusion

The roadmap shows World Liberty Financial’s ambitious plans to become a major player in DeFi and blockchain, leveraging its high-profile connections. However, the project faces challenges in navigating complex regulations. It remains to be seen if the Trump-linked initiative will succeed in reaching mainstream adoption.

Tags: DeFiDonald TrumpThe BlockWorld Liberty FinancialZach Witkoff
Tweet1ShareShare1

DON'T MISS THESE! HOT OFF THE PRESS

Bitcoin’s Bull Run Still On – But Not For Long
Bitcoin

Bitcoin’s Bull Run Still On – But Not For Long

May 31, 2025
SharpLink Gaming Unveils $1 Billion Plan for Ethereum Treasury: Are You Still Early?
Crypto

SharpLink Gaming Unveils $1 Billion Plan for Ethereum Treasury: Are You Still Early?

May 31, 2025
Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?
Crypto

Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?

May 30, 2025
These 3 Cryptos Could Become Industry Standards in the Next 5 Years
Bitcoin

These 3 Cryptos Could Become Industry Standards in the Next 5 Years

May 30, 2025
These 3 Crypto Coins Could SKYROCKET in the Next 3 Months: Still Early
Crypto

These 3 Crypto Coins Could SKYROCKET in the Next 3 Months: Still Early

May 30, 2025
BTC AT RISK: Quantum Tech Threatens Bitcoin’s Security, Warns Billionaire Chamath Palihapitiya
Bitcoin

BTC AT RISK: Quantum Tech Threatens Bitcoin’s Security, Warns Billionaire Chamath Palihapitiya

May 30, 2025
Load More

Related News

Bitcoin’s Bull Run Still On – But Not For Long

Bitcoin’s Bull Run Still On – But Not For Long

May 31, 2025
SharpLink Gaming Unveils $1 Billion Plan for Ethereum Treasury: Are You Still Early?

SharpLink Gaming Unveils $1 Billion Plan for Ethereum Treasury: Are You Still Early?

May 31, 2025
Elon Musk Steps Down from DOGE, Remains Trump Advisor

Elon Musk Steps Down from DOGE, Remains Trump Advisor

May 30, 2025
Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?

Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?

May 30, 2025
These 3 Cryptos Could Become Industry Standards in the Next 5 Years

These 3 Cryptos Could Become Industry Standards in the Next 5 Years

May 30, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.