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Just one day after surviving a second assassination attempt, Donald Trump officially launched his long-anticipated cryptocurrency project, World Liberty Financial , through a live X Space event., “I logged off after over an hour of listening. All I know is it is a DeFi platform.” Another participant said there were no details on the platform,, “We’re over two hours into this Trump crypto call, and they haven’t yet spoken about what the platform does.
They also claimed it would be more user-friendly than current options and would use a non-transferable governance token, the WLFI. Additionally, the team indicated that the sale of the token will be regulated by the U.S. Securities and Exchange Commission . Zak Folkman, operations lead, and Chase Herro, head of data and strategy, announced that “there have been no pre-sales and no VC, early buy-ins,” emphasizing that the token distribution would be “incredibly fair.”this stating that most of the token supply, 62.66%, will be allocated for an upcoming token sale. Proceeds from the sale will fund the project’s treasury reserve and be used to compensate the founders and service providers.
Another 17.33% of the tokens will be set aside for governance and community growth initiatives. The remaining 20% will be distributed among the project’s team, advisors, and affiliates, including the Trump Organization and the Witkoff Group, led by his ally Steve Witkoff.One Weekly Email Can Change Your Crypto Life.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments.
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