World Liberty Financial, the crypto project backed by former president and current Republican nominee Donald Trump, has gone live with its token sale.
According to the project’s website, after a day of sales, the project has sold 796 million WLFI tokens out of a total of 20 billion, or about 4% of the target.
[adinserter block="1"]At time of writing, WLFI is priced at $0.015, implying a $300,000,000 valuation of the tokens available for public sale, but the project is aiming for a $1.5 billion fully diluted valuation (FDV).
The project originally said that 63% of all WLFI would be sold to the public, but according to its current whitepaper – or “goldpaper”– World Liberty Financial appears to have lowered that to 35%.
World Liberty Financial says it’s the “only DeFi platform inspired by Donald J. Trump” and aims to lead a “financial revolution by dismantling the stranglehold of traditional financial institutions and putting the power back where it belongs: in your hands.”
A Federal Election Commission (FEC) filing shows that a Trump political action committee (PAC) donated over $7.5 million in crypto to the former president’s campaign, including in Bitcoin (BTC), Ethereum (ETH), XRP and USDC.
Trump has signaled that under his potential presidential administration, the US government’s anti-crypto agenda would end, and has even suggested a Bitcoin treasury to help get the country’s finances in order.
The Republican nominee for president brought up the idea in a recent interview on Fox Business, though he didn’t elaborate on how.
“Who knows, maybe we’ll pay off our $35 trillion [debt], hand ’em a little crypto check, right? We’ll hand ’em a little Bitcoin and wipe out our $35 trillion.”
Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: DALLE3
