Trump Announces World Liberty Financial Token Sale For Oct.15 - "The Defiant"

The highly-anticipated token sale of World Liberty Financial, the upcoming decentralized finance (DeFi) project from the family of the former U.S. President, Donald Trump, will commence this week. On Oct. 12, Trump tweeted that the WLFI token sale will begin on Tuesday, Oct. 15. Trump also invited followers to join an X Spaces event on Oct. 14 to learn more about the project. World Liberty Financial noted that individuals seeking to qualify for the sale must sign up for a whitelist and complete know-your-customer verification via its website. U.S.-based accredited investors and all non-U.S. persons are eligible to sign for whitelisting. "World Liberty Financial token sale goes live on Tuesday morning, October 15th!” Trump said. “This is your chance to help shape the future of finance." The sale comes just three weeks before the Nov. 5 U.S. presidential election. Trump is running as the Republican presidential candidate. A roadmap shared with prospective investors revealed the project plans to raise $300 million a $1.5 billion fully-diluted valuation by selling 20% of WFLI's token supply. WLFI will comprise a non-transferable governance token for 12 months, after which holders can sell their tokens. Last month, World Liberty Financial announced that 63% of WLFI’s supply would be distributed through the token sale, suggesting additional token sales will occur in the future. The project also earmarked 17% of WLFI’s supply for user rewards, with the remaining 20% going to World Liberty Financial’s team and advisors. The roadmap also notes plans to launch a stablecoin-focused debit card allowing users to spend cryptocurrency at real-world merchants. Aave deployment Last week, WLFI published an initial temperature check proposal on Aave’s governance forum outlining plans to launch an instance of Aave v3 on Ethereum. The protocol would facilitate digital asset lending, supporting deposits and loans in the form of the stablecoins USD Coin (USDC) and Tether (USDT), alongside Ether (ETH) and Wrapped Bitcoin (WBTC) at launch. The proposal hinted that World Liberty Financial may support additional assets in the future. AaveDAO would receive 20% of fees generated by the platform and 7% of WLFI’s supply. WLFI also intends to expand onto Scroll, an Ethereum Layer 2 network, after launching on the Ethereum mainnet. The proposal has received support from the Aave community so far. It will next move to a snapshot vote, before escalating to an Aave Request For Comment (ARFC) to gather further feedback from the Aave community, and lastlytaking the form of an Aave Improvement Proposal (AIP).

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