Trump Family-Promoted Crypto Project World Liberty Financial Confirms Token Plan

The team behind World Liberty Financial, the crypto project promoted by former President Donald Trump and his sons, announced during an X Spaces stream that they will be developing a governance token (WLFI).

The team stated that WLFI will be non-transferable and will not provide any economic rights. The token will not provide any economic returns and will be targeted at buyers who want to contribute to the governance.

Approximately 63% of the token will be allocated for the public offering, 17% for user rewards, and 20% will be given to the team.

Additionally, the token will only be sold to accredited investors under a rule known as a Regulation D exemption from the Securities and Exchange Commission (SEC). Regulation D exemptions allow companies to offer securities to accredited investors without requiring registration with the SEC or allow them to raise capital in small, private offerings.

“Our goal is to create projects that are easy and simple to use, and where you don’t have to ask anyone to research the project,” says Zak Folkman, one of the project’s founders.

The team, which gathered over 100,000 listeners and produced a broadcast lasting around two and a half hours, did not announce the launch date of the token.

Yes bets on the Polymarket contract, which addresses whether Trump will issue a token before the election, rose above 80% during the live broadcast, but dropped to 22% by the time the broadcast ended.

Earlier in the broadcast, various members of the Trump family joined the discussion to share their views on crypto.

Donald Trump Jr. described decentralized finance (DeFi) as “one of the things our founding fathers intended for the country” because it brings fairness back to the financial system.

“Venture Capitalists are betting on crypto,” he said, noting the support of names like David Sacks and Elon Musk.

Eric Trump, who said that DeFi should be easy for inexperienced people, drew attention to the difficulties he encountered while “circulating Ethereum in Aave.”

Donald Trump, who participated in the first 40 minutes of the broadcast, did not express his opinion on the project, but shared his views on crypto public policy developments and said:

“Whether we like it or not, crypto is one of those things that needs to be accepted.”