World Liberty Financial Launches Token Sale

Former U.S. President Donald Trump’s DeFi project, World Liberty Financial (WLFI), has launched its token sale.
The public sale commenced today and is exclusively available to individuals who qualified through a whitelist process initiated in September.

In the first 20 minutes, the project successfully sold over 220 million tokens to more than 1,700 unique wallets.
Despite experiencing a series of website outages during the rollout, nearly 2,900 investors acquired 344 million tokens within the first hour.

Due to regulatory constraints in the U.S., this sale is limited to accredited investors as defined by the Securities and Exchange Commission (SEC).
To qualify, investors must have a net worth exceeding $1 million (excluding their home) or an annual income of at least $200,000 (or $300,000 with a spouse) for the past two years.

The WLFI coin serves as the governance token for the DeFi platform, allowing investors to borrow, lend, and earn interest.
Trump and his team aim to raise $300 million, with 100,000 accredited U.S. investors already whitelisted ahead of the launch.

The WLFI token differentiates itself from traditional cryptocurrencies like Bitcoin due to its non-transferable nature and lack of yield generation.
Additionally, 63% of the total token supply is reserved exclusively for accredited investors, limiting access to a select few.

The DeFi project is spearheaded by Eric Trump, the son of Donald Trump, and was first announced in August. Eric Trump referred to World Liberty Financial as "digital real estate," positioning the Ethereum-based project as an ambitious competitor in the DeFi sector.

In a recent blog post, World Liberty Financial expressed its goal to become a global "one-stop shop for DeFi," intending to compete with established decentralized platforms like Uniswap.