Donald Trump announces that WLFI tokens will go on sale on Tuesday

The sale of World Liberty Financial’s (WLF) native token, WLFI, will be launched on October 15th.

That’s according to US presidential candidate Donald Trump, whose family runs the company.

X places planned for October 14

Trump made the announcement over the weekend in a post on X, where he urged followers to “help shape the future of finance.” He also noted that there will be an exclusive Espais a X event, so people can learn more about the public sale.

According to the official WLF Telegram channel, the Spaces event will feature the project team, advisors, as well as some as-yet-unnamed VIP guests. The sale will be open to all those who qualify through the WLF whitelist.

The politician launched the decentralized finance (DeFi) platform through the same medium on September 17, to some criticism. Although the live event had initially attracted as many as 150,000 listeners, the number eventually dropped to 47,000, with many who logged off accusing the speakers of offering little substantive information about WLF.

A few weeks later, on October 10, the project submitted a proposal to the Aave governance forum to establish an instance on the network. If approved, the proposal will see Aave provide liquidity for WLF’s digital assets, including Ethereum (ETH), wrapped Bitcoin (WBTC), and an assortment of stablecoins. In return, AaveDAO will receive 7% of WLFI’s supply, as well as 20% of all protocol fees generated by WLF.

The DeFi project is led by former Dough Finance employees Zachary Folkman and Chase Herro.

Project that wants to raise 300 million dollars

WLF reportedly intends to raise up to $300 million through the token sale, giving it a $1.5 billion valuation. The tokens will give holders the power to vote on various proposals regarding the development of World Liberty Financial.

Trump’s announcement of the WLFI token sale comes exactly three weeks before the culmination of the US presidential race, in which cryptography has emerged as a major issue.

The Republican standard-bearer has made major proposals to the crypto community, including a promise to fire current Securities and Exchange Commission (SEC) Chairman Gary Gensler on his first day in office.

Gensler has become deeply unpopular in the crypto space due to what some see as the agency’s enforcement actions against the industry under his watch.

Trump also promised to establish a Bitcoin (BTC) advisory council to help guide his administration’s policy on digital assets, particularly the world’s largest cryptocurrency by market capitalization.

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