Donald Trump’s World Liberty Financial Launched: Key Features and Token Overview

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As a researcher with years of experience in the financial industry and a keen interest in blockchain technology, I must admit that the entry of Donald Trump into the DeFi world with World Liberty Financial has certainly caught my attention. While it’s natural to be skeptical about any political figure entering the crypto space, it’s important to approach this development with an open mind.

The DeFi sector is currently thriving, boasting hundreds of millions of users who reap its benefits. Recently, former President Donald Trump has ventured into this realm with World Liberty Financial. Contrary to some assumptions, it’s not just a political move aimed at courting crypto voters. In fact, the former president had previously announced the launch, which occurred just a short while ago, even amidst another attempted assassination on him, while golfing at Trump International Golf Club.

What is World Liberty Financial and How Will It Work?

Previously involved in the NFT scene, Donald Trump recently introduced a successful fourth series to his collection. Additionally, numerous cryptocurrencies themed around Trump have gained popularity within the industry due to his consistent endorsement. Yet, a definitive move into the space was yet to be made, which he has now addressed through a crypto project called World Liberty Financial.

World Liberty Financial serves as a decentralized finance (DeFi) platform specialized in the money market, facilitating borrowing, lending, and generating interest on cryptocurrencies within the Ethereum blockchain ecosystem. The main emphasis lies on the development and utilization of stablecoins. Although key details about Donald Trump’s crypto project are yet to emerge, he has expressed his intention to develop a top-tier DeFi platform catering to crypto users.

In a two-hour live event, Trump presented Donald Trump Jr. and Eric Trump as the principal proprietors of this venture, along with being recognized as a pioneer in DeFi. At a certain moment, he also disclosed his reason for entering this business, explaining it as an essential step.

Crypto is one of those things we have to do. Whether we like it or not, I have to do it.

Previously, the white paper provided an advance look at the duties of the Trump family, with Donald Trump Jr. and Eric Trump assuming roles as web3 representatives. Additionally, Steve Witkoff and software development company AMG Solutions based in Puerto Rico have been instrumental in constructing this platform.

Donald Trump To Launch WLFI Crypto Token 

Trump has told users of this cryptocurrency project that it sets itself apart from other Decentralized Finance platforms, describing it as more intuitive and approachable for users. Furthermore, he introduced World Liberty Financial (WLFI), a type of crypto token that cannot be transferred or traded.

As a researcher delving into the world of cryptocurrency, I find it interesting that our team is introducing a token specifically designed for voting purposes. This may not be the norm among crypto investors, but it’s an exciting development nonetheless. It’s also crucial to note that, contrary to President Trump’s promise, Gary Gensler will indeed oversee all regulatory aspects of this token, including its issuance, distribution, and sale. The Securities and Exchange Commission (SEC), under his leadership, will be the governing body for this new endeavor.

In his words, “This project has not received any pre-sales or investments from venture capitalists during its initial stages. Instead, it’s similar to many DeFi projects you might encounter today, with an exceptionally equitable distribution of tokens.

As a researcher, I find it fascinating that approximately two-thirds (62.66%) of the token supply is earmarked for distribution among public investors during the upcoming token sale. A portion of these funds will be set aside in a multi-signature wallet treasury reserve, while the rest will be allocated to the project’s founders, the Trump family, and various service providers as outlined in the white paper.

In my role as an analyst, I’d express it this way: “I set aside approximately 17.33% of the World Liberty Financial token for future endeavors. This allocation is designed to sustain growth incentives within our community and foster the development of the WLFI token. The remaining 20% is earmarked for our project team and other pertinent purposes, such as recruitment efforts.

At the debut of the World Liberty platform, it was emphasized that the former president had meticulously adhered to every legal requirement and SEC guidelines throughout the process, including implementing Know Your Customer (KYC) for transactions. Interestingly, the white paper clarified that WLFI is not considered a security. Instead, the token will be offered as an unregistered security under Rule 506(c), which allows such sales.

Final Thoughts 

After months of promoting the World Liberty Financial, Trump has finally introduced the users to his crypto venture. The ex-president discussed his Series 4 NFT Collection success and how entering the DeFi space is something that he has to do. Moreover, Donald Trump Jr and Eric Trump will handle the business as the official web3 ambassadors. Additionally, the platform will launch its governance token called WLFI.

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2024-09-17 14:58