Trump-Backed World Liberty Financial Attracts 100K+ Investors for WLFI Token Presale
In a significant development for the cryptocurrency market, World Liberty Financial (WLF), a decentralized finance (DeFi) project backed by the Trump family, has announced that over 100,000 accredited U.S. investors have been whitelisted for its upcoming token presale. The news comes just weeks before the U.S. presidential election, adding a political dimension to an already closely watched financial event.
The presale of WLF’s WLFI token is scheduled to begin on Tuesday, October 15. The project aims to raise an ambitious $300 million, valuing the venture at $1.5 billion. WLFI, an ERC20 token on the Ethereum blockchain, will serve as the protocol’s governance token, allowing holders to participate in key decisions regarding the platform’s future.
During a live stream on X Spaces, project co-founders Zachary Folkman and Chase Herro outlined WLF’s vision. “This was all inspired by the ideals and the vision of Donald J. Trump,” Folkman stated. The platform aims to offer a unified DeFi ecosystem where users can engage in lending, borrowing, and transactions with stablecoins.
WLF’s roadmap includes three key phases:
- Launching a version of the Aave lending protocol on the Ethereum Layer 2 network Scroll
- Integrating with exchanges to facilitate on-ramp and off-ramp services with onchain KYC attestations
- Fractionalizing real-world assets and obtaining necessary regulatory licenses
The project has attracted some high-profile individuals to its team. Rich Teo, co-founder of regulated blockchain infrastructure platform Paxos, has joined WLF as the lead for stablecoin and payment operations. This move lends additional credibility to the project’s ambitions in the stablecoin space.
Stani Kulechov, founder and CEO of Aave, also participated in the live stream, offering his perspective on DeFi adoption. “I think [DeFi is] going to take a decade at least for mainstream adoption…because it needs maturity,” Kulechov said.
Donald Trump Jr., a vocal supporter of the project, used the platform to criticize the traditional banking system and advocate for DeFi. “Our entire banking system is basically just a big Ponzi scheme,” he remarked, emphasizing the need for financial reform.
The WLFI token sale will be open to accredited investors in the U.S., qualified investors in the UK, and investors in other regions subject to local regulations. Of the total token supply, 63% will be available for public sale, with 17% allocated to user rewards and 20% reserved for team compensation.
