On Monday, the team behind the decentralized finance ( defi) project World Liberty Financial (WLF), backed by the Trump family, announced that over 100,000 accredited U.S. investors have been added to the whitelist. During the X Spaces event, WLF founders Zachary Folkman and Chase Herro shared that the project was inspired by “the vision of Donald J. Trump.”
World Liberty Financial Adds 100K Investors to Whitelist, Eyes $1.5B Valuation Post-Raise
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Over 100,000 U.S. Investors Whitelisted for Trump-Backed WLF’s Defi Token Sale
The WLF team revealed that over 100,000 U.S. investors have already joined the whitelist for its token sale, which kicks off on Tuesday, Oct. 15. With an ambitious target of raising $300 million, the project aims to reach a $1.5 billion valuation post-funding. The token, known as WLFI, will play a key role in governance, and like Aave, the platform will offer lending and borrowing services. Co-founders emphasized that stablecoins and liquidity pools are central to the project’s roadmap, sharing this insight during their Monday event.
During the Spaces session, it was announced that Paxos co-founder Rich Teo will oversee stablecoin operations for WLF. Donald Trump Jr. also chimed in during the spaces, encouraging everyone to vote in the upcoming election. The token sale follows the U.S. Securities and Exchange Commission’s Regulation D rules, with 63% of WLFI tokens set aside for public sale. About 20% will be allocated to the team, while the remaining 17% is reserved for rewards in the project’s defi ecosystem.
Though the WLF project has drawn attention with high-profile figures and bold plans, skepticism lingers around its ability to achieve its projected success in the ever-evolving defi market. With regulatory complexities and the challenge of attracting long-term user engagement, investors may need to carefully consider whether the project can truly meet its lofty valuation after the raise and the platform’s promises.
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