{"id":31046,"date":"2024-10-16T13:00:34","date_gmt":"2024-10-16T10:00:34","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=31046"},"modified":"2024-10-16T11:54:51","modified_gmt":"2024-10-16T08:54:51","slug":"wlfi-backed-by-trump-launches-token-sale","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/wlfi-backed-by-trump-launches-token-sale\/","title":{"rendered":"WLFI, Backed by Trump, Launches Token Sale"},"content":{"rendered":"<div>The decentralized finance (DeFi) protocol <a href=\"https:\/\/coinengineer.net\/blog\/wlfi-coin-a-new-player-in-defi-backed-by-trump\/\"><strong>World Liberty Financial<\/strong><\/a> (WLFI), backed by Republican presidential candidate Donald Trump, launched its highly anticipated public token sale on Tuesday morning. Despite significant hype, the project sold approximately 610 million tokens by 7:25 PM ET, generating around $9.15 million on its first day. This is only a fraction of the $300 million target, with 19.4 billion tokens available for sale at $0.015 each.<\/div>\n<div><\/div>\n<div>The token sale encountered slowdowns on the website due to high traffic, raising $5 million within the first hour but experiencing intermittent disruptions throughout the day. The WLFI token, designed as a governance token allowing users to vote on platform decisions, will be non-transferable for the first year, according to the project\u2019s roadmap.<\/div>\n<div><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-134462 size-full\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/08\/TrumpNewtonJan62024-2048x1365-1-1536x1024-1.jpg\" alt=\"trump\" width=\"1536\" height=\"1024\" \/><\/div>\n<div><\/div>\n<div>World Liberty Financial was co-founded by Steve and Zach Witkoff, Zak Folkman, and Chase Herro. Trump acted as the project&#8217;s \u201cchief crypto advocate,\u201d and his three sons\u2014Donald Jr., Eric, and Barron\u2014served as web3 ambassadors. Trump referred to crypto as the future in a post on X (formerly Twitter) and urged people to embrace it to lead in the digital economy.<\/div>\n<div><\/div>\n<div>The project received mixed reactions, with some in the crypto community criticizing its association with Trump and its potential impact on the broader sector. Nevertheless, Bitcoin\u2019s price increased by about 15% in October, with analysts attributing the rise to Trump\u2019s improving election odds. According to a Bernstein report, Trump\u2019s growing chances in prediction markets boosted Bitcoin prices, despite both Trump and Vice President Kamala Harris expressing support for digital assets.<\/div>\n<div>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a> and updates.<\/em><\/p>\n<div class=\"kk-star-ratings kksr-auto kksr-align-center kksr-valign-bottom\" data-payload=\"{&quot;align&quot;:&quot;center&quot;,&quot;id&quot;:&quot;31013&quot;,&quot;slug&quot;:&quot;default&quot;,&quot;valign&quot;:&quot;bottom&quot;,&quot;ignore&quot;:&quot;&quot;,&quot;reference&quot;:&quot;auto&quot;,&quot;class&quot;:&quot;&quot;,&quot;count&quot;:&quot;0&quot;,&quot;legendonly&quot;:&quot;&quot;,&quot;readonly&quot;:&quot;&quot;,&quot;score&quot;:&quot;0&quot;,&quot;starsonly&quot;:&quot;&quot;,&quot;best&quot;:&quot;5&quot;,&quot;gap&quot;:&quot;5&quot;,&quot;greet&quot;:&quot;Rate this post&quot;,&quot;legend&quot;:&quot;0\\\/5 - (0 votes)&quot;,&quot;size&quot;:&quot;24&quot;,&quot;title&quot;:&quot;Blockstream Raises $210 Million Funding to Support Bitcoin Layer-2&quot;,&quot;width&quot;:&quot;0&quot;,&quot;_legend&quot;:&quot;{score}\\\/{best} - ({count} {votes})&quot;,&quot;font_factor&quot;:&quot;1.25&quot;}\">\n<div class=\"kksr-stars\">\n<div class=\"kksr-stars-active\">\n<div class=\"kksr-star\">\n<div class=\"kksr-icon\"><\/div>\n<\/div>\n<div class=\"kksr-star\">\n<div class=\"kksr-icon\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"kksr-legend\"><span class=\"kksr-muted\">Rate this post<\/span><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The decentralized finance (DeFi) protocol World Liberty Financial (WLFI), backed by Republican presidential candidate Donald Trump, launched its highly anticipated public token sale on Tuesday morning. Despite significant hype, the project sold approximately 610 million tokens by 7:25 PM ET, generating around $9.15 million on its first day. This is only a fraction of the<\/p>\n","protected":false},"author":23,"featured_media":31047,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,16],"tags":[9019,3310,8685,8603],"class_list":["post-31046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-defi-projects","tag-president-kamala-harris","tag-trump","tag-wlfi","tag-world-liberty-financial"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>WLFI, Backed by Trump, Launches Token Sale - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/wlfi-backed-by-trump-launches-token-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WLFI, Backed by Trump, Launches Token Sale - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The decentralized finance (DeFi) protocol World Liberty Financial (WLFI), backed by Republican presidential candidate Donald Trump, launched its highly anticipated public token sale on Tuesday morning. Despite significant hype, the project sold approximately 610 million tokens by 7:25 PM ET, generating around $9.15 million on its first day. 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