bullish

World

Liberty

DeFi

Raise

World Liberty Financial (WLFi), the Trump family-backed crypto project, is gearing up for its highly anticipated token presale launch, which is set for Tuesday, just three weeks before the U.S. presidential election. The WLFI token will serve as the governance token for the platform, allowing users to participate in voting on protocol changes and engage in DeFi activities such as borrowing, lending, and liquidity pooling. Over 100,000 accredited investors have already been whitelisted for the presale.
The project, spearheaded by Trump’s sons Eric and Donald Jr., aimed to raise $300 million through the token sale, valuing the platform at $1.5 billion. The presale opened to accredited U.S. investors, who met specific financial criteria, and international participants who comply with local regulations. World Liberty Financial envisions itself as a "one-stop shop" for decentralized finance (DeFi), offering users access to a wide range of services including stablecoin transactions.
Despite the hype, the project’s launch encountered technical difficulties, with the official website crashing due to overwhelming demand. As of now, the sale wallet holds over $6.5 million in assets, though the number of token holders remains low due to the site’s technical issues. The WLFI token, which is being issued on the Ethereum blockchain, will initially not be tradable but is expected to play a critical role in shaping the future direction of the platform.
Trump, who has been vocal about his support for crypto, has positioned World Liberty Financial as part of his broader pro-crypto stance, promising to turn the U.S. into a global leader in digital assets if he wins the 2024 election. With high-profile figures backing the project and a bullish sentiment surrounding Trump’s candidacy, WLFI’s success could serve as a barometer for the future of crypto under potential Trump leadership.
The project’s debut marks a significant moment in the intersection of crypto and politics, with traders closely watching both the token’s performance and Trump’s campaign as Election Day approaches. Despite the current technical setbacks, World Liberty Financial’s ambitions to disrupt the DeFi space remain firmly in place, with hopes that its platform will become a central hub for global cryptocurrency transactions.

World Liberty Fi Website Crashes Amid $6.5M Raise

BSCN

Other articles published on Oct 24, 2024

Ripple CEO Admits Major Error: Will XRP Price Crash?

President Bukele’s Bold $133k Bitcoin Donation to Build 1,000 Schools in Honduras

Bitcoin bull Michael Saylor reverses remarks on self-custody after backlash

Staked Ether hits new highs, what it means for the ecosystem

Qubetics’ 1465% ROI Opportunity Amid Solana’s and Polkadot’s Recent Market Developments

Coinbase-backed Base to improve decentralization with fault proofs

Join our free newsletter for daily crypto updates!