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Trump Family Launches World Liberty Financial Crypto Project on Sept 16 with WLFI Token

Sep 17, 2024, 02:13 AM

Donald Trump and his family have launched a new cryptocurrency venture, World Liberty Financial (WLFI), with a focus on decentralized finance (DeFi). The project, which includes Trump's two eldest sons, aims to position the U.S. as a leader in the crypto space. The WLFI token will be a non-transferable governance token with 63% of the supply sold to the public, 17% reserved for user rewards, and 20% allocated to the team. The token sale will be restricted to accredited investors in the U.S. and non-U.S. persons. Notable advisors for the project include Sandy Peng, Corey Caplan, and Alexei Dulub. Trump announced the launch during a live event on X Spaces, previously known as Twitter Spaces, from his Mar-a-Lago resort on Sept 16. The project will operate on the Ethereum blockchain. Trump has not announced any changes to his schedule.