World Liberty Financial, the innovative crypto project backed by former president and current Republican nominee Donald Trump, has officially launched its token sale. The project has already sold 796 million WLFI tokens out of a total of 20 billion, representing approximately 4% of the target.
As of the current market conditions, the price of WLFI stands at $0.015, leading to a $300,000,000 valuation of the tokens available for public sale. However, the project is aiming for a fully diluted valuation (FDV) of $1.5 billion.
Initially, the project had stated that 63% of all WLFI tokens would be sold to the public. However, based on the latest information from the project’s whitepaper, known as the “goldpaper,” World Liberty Financial seems to have revised this figure down to 35%.
World Liberty Financial prides itself on being the “only DeFi platform inspired by Donald J. Trump” and is committed to spearheading a financial revolution by challenging the dominance of traditional financial institutions and empowering individuals with financial autonomy.
A recent Federal Election Commission (FEC) filing revealed that a Trump political action committee (PAC) contributed over $7.5 million in cryptocurrency to the former president’s campaign, including Bitcoin, Ethereum, XRP, and USDC.
Trump has hinted that, if elected, his administration would embrace cryptocurrencies and put an end to the government’s anti-crypto stance. He even proposed the idea of a Bitcoin treasury to address the country’s staggering $35 trillion debt, although the specifics of this proposal remain unclear.
In a recent interview on Fox Business, Trump alluded to the possibility of using cryptocurrency to alleviate the national debt, stating, “Who knows, maybe we’ll pay off our $35 trillion [debt], hand ’em a little crypto check, right? We’ll hand ’em a little Bitcoin and wipe out our $35 trillion.”
World Liberty Financial’s token sale marks a significant milestone in the realm of decentralized finance, and with the backing of a prominent political figure like Donald Trump, the project is poised to make waves in the crypto space. Stay tuned for more updates on this groundbreaking initiative.