- World Liberty Financial’s WLFI token sale, supported by Donald Trump, will begin on October 15 for qualified investors via a whitelist.
- WLF seeks to raise $300 million through the token sale, which includes a proposed collaboration with Aave to enhance liquidity for digital assets.
Donald Trump, the U.S. Presidential candidate, has announced the official sale date of World Liberty Financial’s (WLF) native WLFI tokens, set to launch on October 15, 2024. The sale will be available exclusively to qualified individuals who are accepted through a whitelist process, as confirmed by the project’s Telegram channel. This token sale represents a significant step for WLF, a decentralized finance (DeFi) platform fronted by Trump’s family, aiming to reshape the financial landscape.
Token Sale Announcement and Spaces Event
Trump took to X (formerly known as Twitter) over the weekend to share this pivotal announcement. In his post, he encouraged followers to participate and
“help shape the future of finance,”
inviting them to an exclusive X Spaces event scheduled for October 14. The virtual event is intended to offer insights into the WLFI public sale, featuring discussions led by the WLF team, advisors, and high-profile guests whose identities remain undisclosed. Participants in this event will gain a deeper understanding of the project and the opportunity it presents.
WLF’s strategy for launching the token sale hinges on the whitelist, which will ensure only pre-approved investors can participate. This approach not only creates a more secure environment but also caters to investors who meet specific criteria, maintaining compliance with various regulatory frameworks.
As part of its broader DeFi ambitions, World Liberty Financial has set its sights on a significant partnership with Aave, a leading DeFi liquidity protocol. On October 10, WLF submitted a proposal to the Aave governance forum, seeking to establish a collaboration aimed at enhancing liquidity for WLF’s digital assets. The proposal outlines that if approved, Aave would provide liquidity for key assets such as Ethereum (ETH), wrapped Bitcoin (WBTC), and several stablecoins. In exchange, AaveDAO is slated to receive 7% of the total WLFI token supply, along with 20% of the protocol fees generated by WLF.
This potential collaboration marks a critical step in ensuring sufficient liquidity for WLFI and associated assets. It could also bolster confidence in the platform’s ability to offer robust DeFi services, while allowing Aave stakeholders to benefit from WLF’s growth. AaveDAO’s involvement could create a mutually beneficial relationship, driving value for both entities.
WLF’s Ambitious Fundraising Goals
World Liberty Financial has ambitious plans to raise up to $300 million through its WLFI token sale, a move that would assign the project a $1.5 billion valuation. Token holders will be granted governance rights, enabling them to vote on key proposals related to the platform’s future development. This decentralized governance structure is a hallmark of DeFi projects, empowering the community to take an active role in shaping the ecosystem’s direction.
The timing of this announcement is noteworthy, as it comes just weeks before the U.S. presidential election, where Trump’s pro-crypto stance has become a key aspect of his campaign. Trump has made overtures to the cryptocurrency community, including a pledge to fire Gary Gensler, the current chair of the Securities and Exchange Commission (SEC), who has been widely criticized for his strict regulatory actions against the crypto industry. Additionally, Trump has promised to establish a Bitcoin advisory council to guide his administration’s policy on digital assets, with a particular focus on Bitcoin, the largest cryptocurrency by market capitalization.
