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New DeFi Project Linked to Former U.S. President Donald Trump and His Three Sons, World Liberty Financial, Plans to Raise $300 Million Through Token Sale!
World Liberty Financial’s Roadmap: Ambitious Goals Ahead!
The project, aiming to raise $300 million through the sale of its token called WLFI, will be based on a $1.5 billion valuation. In this sale, 20% of the total token supply will be offered to the public. World Liberty Financial aims to establish a strong presence in the DeFi space through further token sales. According to project manager Zak Folkman, 63% of the total token supply will eventually be sold publicly, 17% will be allocated for user rewards, and the remaining 20% will go to the team.
After the initial sale, WLFI token holders will have voting rights in the development of the platform, but these tokens will not be transferable for 12 months. During this time, the community will have the opportunity to vote on the transferability of tokens, but any changes will take effect after the one-year period.
What makes the project even more intriguing is the active involvement of the Trump family. Donald Trump is being introduced as the “Chief Crypto Advocate,” while his sons are joining the project as “Web3 Ambassadors.” Their involvement is helping World Liberty Financial gain increased media attention.
What Is World Liberty Financial’s Mission?
World Liberty Financial plans to launch a DeFi lending platform on Ethereum Layer 2 network Scroll. This platform, a version of Aave, will allow borrowing and lending of Bitcoin, Ether, and stablecoins. Additionally, a portion of the platform’s governance processes, such as providing liquidity to the Aave DAO and voting, will be supported by allocating 7% of the token supply. This move is part of a strategy to build a strong partnership with Aave DAO.
In the second phase of the project, a system will be integrated with exchanges, allowing users to convert and spend their tokens in fiat currency. There is also a plan to launch a stablecoin-focused credit card, which will make it easier to spend tokens in the real world.
In the final phase, World Liberty Financial aims to tokenize real-world assets and integrate them into the financial system.
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