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Donald Trump announces WLF token sale

Tags: finance
DATE POSTED:October 14, 2024
A futuristic cityscape with skyscrapers displaying financial charts and cryptocurrency symbols

Former United States president and current republican candidate Donald Trump announced the sale of his World Liberty FInancial (WLF) token.

Trump announced in a

.@WorldLibertyFi Token Sale goes live on Tuesday morning, October 15th! This is YOUR chance to help shape the future of finance. Be there on Monday, October 14th at 8 AM EST for an Exclusive Spaces to learn more. Join the whitelist today and be ready for Tuesday:…

— Donald J. Trump (@realDonaldTrump) October 12, 2024">Saturday X post that the WLF token sale will start on Oct. 15. He wrote:

“This is YOUR chance to help shape the future of finance. Be there on Monday, October 14th at 8 AM EST for an Exclusive Spaces to learn more.”

Trump also included a link to the official World Liberty Financial website. On the page it is possible to sign up for the WLF investment whitelist.

Recent WLF developments

World Liberty Financial opened up sign-ups earlier this month, but only to accredited investors. Still, at the time team members announced plans to open up to more people down the line, according to a post on X.

The existence of a crypto project linked to Trump was first revealed in late August and it was only last month that the Trump family revealed the nature of the project at its event. The project aims to develop a decentralized finance (DeFi) platform that enables the public to borrow, lend, and invest in cryptocurrencies.

World Liberty Financial recently submitted a governance proposal to Aave (AAVE) to link the two projects. The proposal in question suggests deploying a World Liberty Financial Aave instance that would be focused on providing stablecoin liquidity for Ethereum and Wrapped Bitcoin as an extension of the Aave DeFi ecosystem.

Aave is a DeFi protocol that allows its users to borrow and lend assets, including cryptocurrencies, tokens, and stablecoins — much like WLF plans to do. The system is based on smart contracts that automate fund allocation, distribution, collateralization, and fee assessment.

The post Donald Trump announces WLF token sale appeared first on ReadWrite.

Tags: finance