- Donald Trump’s World Liberty Financial, a project endorsed by the Trump family, has confirmed the launch of the governance token WLFI.
- The WLFI team will sell the token to accredited investors, and it will have no economic rights, per SEC’s Regulation D.
- Crypto betting platform Polymarket users believe there is a 24% chance that Donald Trump will launch a coin before the Presidential election.
Donald Trump, former US President and Republican Presidential candidate, officially backed World Liberty Financial, a crypto project endorsed by the Trump family. Eric and Donald Trump Jr., sons of former President Trump, shared their vision to make DeFi more accessible on a livestream on X on Monday. The project has confirmed a governance token, WLFI.
World Liberty Financial confirms WLFI token, unlikely to face regulatory hurdles
Trump’s family endorsed the project World Liberty Financial, which is focused on increasing DeFi accessibility. Donald Trump Jr. and Eric Trump said in a livestream on X that they plan to make the DeFi project intuitive and user-friendly, and confirmed the governance token, WLFI.
Per the livestream, the crypto project promoted by the Trump family will be non-transferable and won't provide any economic rights. The team will accept only those buyers seeking to participate in governance, “not those after an economic return.”
Despite the unsettling events of yesterday, our X Spaces with Donald Trump will proceed as scheduled. We admire Mr. Trump's courage to continue in the face of adversity. Join us for a pivotal discussion on the future of cryptocurrencyhttps://t.co/MQit7yx3tp
— WLFI (@worldlibertyfi) September 16, 2024
The plan is to sell 63% of the token to the public, keep 17% for user rewards, and keep 20% with the team. WLFI tokens will be sold only to accredited investors under Regulation D exemption from the US financial regulator, the Securities and Exchange Commission (SEC).
This allows firms to raise capital without registration with the SEC and will enable securities offering to small and private investors.
Crypto betting market says 24% likelihood of token launch ahead of US elections
Polymarket, one of the largest crypto betting platforms, users believe there is a 24% possibility that former US President Trump will launch a crypto token before the November elections. At the beginning of September, the chances were 20-25%, and they rose to 75% less than a week ago. The odds of token launch are down to 24% at the time of writing.
Users noted that the odds dropped once the livestream ended, as the project’s team spared further details on tokenomics of WLFI.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Is Altcoin Season here as Bitcoin reaches a new all-time high?
Bitcoin reaches a new all-time high of $98,384 on Thursday, with altcoins following the suit. Reports highlight that the recent surge in altcoins was fueled by the victory of crypto-friendly candidate Donal Trump in the US presidential election.
Shanghai court confirms legal recognition of crypto ownership
A Shanghai court has confirmed that owning digital assets, including Bitcoin, is legal under Chinese law. Judge Sun Jie of the Shanghai Songjiang People’s Court shared this opinion through the WeChat account of the Shanghai High People’s Court.
BTC hits an all-time high above $97,850, inches away from the $100K mark
Bitcoin hit a new all-time high of $97,852 on Thursday, and the technical outlook suggests a possible continuation of the rally to $100,000. BTC futures have surged past the $100,000 price mark on Deribit, and Lookonchain data shows whales are accumulating.
Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange
Shiba Inu trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.
Bitcoin: New high of $100K or correction to $78K?
Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.