Crypto:
31594
Bitcoin:
$61.850
% 1.33
BTC Dominance:
%56.9
% 0.17
Market Cap:
$2.17 T
% 3.11
Fear & Greed:
41 / 100
Bitcoin:
$ 61.850
BTC Dominance:
% 56.9
Market Cap:
$2.17 T

World Liberty Financial Supported by the Trump Family

World Liberty Financial 1

World Liberty Financial, a project supported by the Trump family, has made a significant move in the crypto world. The WLFI (World Liberty Financial Governance Token), set to launch alongside the project, showcases the Trump family’s growing interest and influence in cryptocurrency. During a live broadcast on X Spaces lasting over two hours, project officials and advisors revealed details about the WLFI token, which will be non-transferable and offered exclusively to accredited investors under the SEC’s Regulation D exemption. This regulation aims to instill confidence in the project, especially during a period of uncertainty in the regulation of cryptocurrencies in the U.S.

The non-transferable nature of WLFI means that the token can only be used for governance purposes and will not provide any economic rights. In other words, token holders can influence important decisions regarding the project but will not receive financial returns. This feature stands out as one of the most significant aspects that differentiate the project from other crypto initiatives. The project particularly targets investors who wish to participate in decision-making processes within decentralized finance (DeFi). This strategy aims to attract an audience that is not solely motivated by economic interests but also seeks to contribute to the development of the projects.

WLFI Token Distribution Strategy

The distribution plan for the WLFI token is also noteworthy. A total of 63% of the token supply will be sold to the public, indicating a goal to reach a broad audience. 17% is allocated for user rewards to encourage community participation. The remaining 20% will be assigned to the project team. These ratios reflect a fair distribution policy regarding the governance token, aiming to enhance user trust in the project.

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The fact that WLFI will be offered only under the SEC’s Regulation D exemption indicates that the project is compliant with legal requirements and that only accredited investors can participate. Regulation D allows companies to offer securities to accredited investors without registering with the SEC under specific conditions. This ensures that the project can move forward without being affected by regulatory uncertainties.

Purpose and Vision of the Project

World Liberty Financial garners significant interest as a cryptocurrency project backed by the Trump family. Zak Folkman, one of the project’s founders, stated that the goal is to provide a simple and user-friendly crypto platform. The complex structures and usability challenges in the crypto world pose barriers for many users. The World Liberty Financial team aims to overcome these hurdles, creating a platform where users can easily enter the crypto space. Folkman describes the project as “so easy to use that you won’t have to call a friend to ask how to do it.”

Trump Family’s Views on Cryptocurrency

During the X Spaces live broadcast, prominent members of the Trump family shared their views on cryptocurrencies. Donald Trump Jr. emphasized that decentralized finance (DeFi) is restoring fairness for the American people, describing this technology as “what the founding fathers envisioned for the country.” He highlighted that, unlike centralized financial systems, DeFi allows people to control their financial destinies, making it a significant revolution. He also referenced the support of tech leaders like Elon Musk and David Sacks for DeFi, indicating the growing interest of major figures in the crypto space.

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Eric Trump stated that DeFi should be more accessible for ordinary people. He recounted his difficulties with Aave, a decentralized lending platform, noting that the crypto world is still not user-friendly but could become more accessible with projects like this.

Donald Trump’s Perspective on Cryptocurrency

Former President Donald Trump also shared his thoughts on cryptocurrencies during the broadcast. He pointed out that cryptocurrencies are an undeniable reality in today’s world. Trump stated, “Cryptocurrency, whether we like it or not, is one of the things we have to deal with,” emphasizing that this technology is a part of the future. However, his lack of detailed explanation about the crypto project at the beginning of the broadcast raised some questions in the industry.

The WLFI token introduced by World Liberty Financial seems poised to make waves not only in the cryptocurrency space but also in the broader financial system. With the Trump family’s backing, it has already gained significant popularity. Moreover, WLFI’s regulatory compliance, governance-focused structure, and user-friendly goals stand out as its key features. As the crypto community eagerly awaits the launch date of WLFI, the project is already being closely followed by a large audience.

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