Donald Trump’s World Liberty Finance Raises $300M For Lending Platform.

by

As a seasoned researcher with years of experience in the dynamic world of finance and technology, I find myself intrigued by the latest development in the DeFi space – World Liberty Finance (WLFI). The association of this project with a high-profile figure like former US President Donald Trump has certainly caught my attention.

As an analyst, I’m excited to share that next week marks the initial sale for the DeFi project World Liberty Finance, a venture rumored to have connections with former U.S. President Donald Trump and his sons. This upcoming offering aims to secure $300 million by parting ways with 20% of the total WLFI token supply. If successful, this project will be valued at an impressive $1.5 billion once fully diluted.

A typical roadmap with investors projected that the forthcoming token sale would go live next week.

Donald Trump’sWorld L iberty Financial Aims to Raise $300M

In simple terms, World Liberty Finance – a DeFi initiative tied to Donald Trump – is aiming to raise $300 million by selling 20% of its WLFI tokens. If successful, this would value the project at an estimated market capitalization of $1.5 billion when fully diluted. However, these tokens will not be transferable for the initial 12 months after issuance. Furthermore, even if a community vote is passed within those first 12 months to make the tokens transferable, they still remain non-transferable under these conditions.

Approximately two-thirds of the total token amount will be distributed during future public sales, leaving a significant portion yet to be allocated. Moreover, seventeen percent of the tokens are earmarked for user rewards. A fifth of the tokens are assigned to the team. As a governance token, WLFI gives its holders the power to voice their opinions and decide on the platform’s future development directions.

From day one, governance features have been operational and will continue to function even if the tokens are kept in a non-transferable status. Notably, this platform will be launched within the Aave Decentralized Finance (DeFi) ecosystem.

Trump Joins World Liberty Finance as Chief Crypto Advocate

As a researcher, I’m currently examining an innovative crypto initiative known as World Liberty Finance. This project is spearheaded by its founders, Steve and Zach Witkoff, Zak Folkman, and Chase Herro, who are determined to accelerate the widespread acceptance of digital assets. Their strategy involves creating a finance platform that adheres to regulatory standards. Notably, they’ve recently initiated their Know Your Customer (KYC) verification process on their official website, inviting potential users to join this exciting venture.

As a researcher, I find myself immersed in the exciting world of cryptocurrencies, with a unique perspective as Donald Trump takes on the mantle of the Chief Crypto Advocate. Simultaneously, his three sons have stepped forward to serve as our Web3 Ambassadors, lending their insights and experience to this burgeoning digital landscape.

In addition to the main figures, prominent personalities connected with the venture are Luke Pearson, serving as the Head of Platform for Polychain Capital, and Corey Caplan, who is the Head of Technical Strategy at Dolomite, one of its co-founders.

In the initial stage, we’ll introduce an edition of the Aave Decentralized Finance (DeFi) lending platform on Scroll, a layer 2 scaling technology for Ethereum. This will enable users to lend out and borrow multiple assets, including Bitcoin, Ether, and various stablecoins.

Aave’s governance has already received the proposal. The deployment of the lending protocol Aave V3 will deliver 7% of the WLFI token supply to the Aave DAO for voting and liquidity, in addition to 20% of the protocol’s fee revenue the protocol’s fee revenue.

In the future, World Liberty Finance plans to merge exchanges with on-chain identity verifications, introduce a credit card dedicated to stablecoins, and divide real-world assets like hotels and sports clubs into smaller parts. This venture aims at US-accredited and overseas investors who have the necessary qualifications, but it has faced criticism due to outdated US regulations that hinder wider participation in its token sale.

From “Scam” to Advocate for Digital Assets

In recent months, there’s been a noticeable shift in Donald Trump’s views on cryptocurrency. While he once referred to it as a “fraud against the dollar” in 2021, now he appears to be embracing digital assets for his presidential campaign in 2024.

Last month, during a Bitcoin conference in Nashville, the ex-US president announced his plan to make the US. the “crypto capital of the world.” He ventured directly into the digital markets, issuing several sets of NFTs, including one with his mugshot.

The strategy of his campaign has shifted towards cryptocurrency-based fundraising. Back in July, the Trump campaign managed to collect around $3 million from contributors associated with digital currencies.

Additionally, he marked history as the initial presidential candidate to receive campaign contributions in digital currency (cryptocurrency), which was quite a departure from his earlier reservations. The World Liberty Finance project serves as proof of this shift.

Read More

2024-10-10 18:46