Donald Trump Launches World Liberty Financial DeFi Platform
Donald Trump has ventured into the DeFi space with the introduction of World Liberty Financial, despite recent controversies. The launch of this new platform took place just hours ago.
World Liberty Financial is set to become a decentralized finance hub on the Ethereum blockchain, focusing on lending, borrowing, and earning interest on stablecoins. This initiative follows Trump’s previous involvement in NFTs and Trump-themed meme coins.
In a recent live broadcast, Trump announced that his sons, Donald Jr. and Eric, will play pivotal roles in the venture. Trump highlighted the importance of crypto, stating, “Whether we like it or not, I have to do it.”
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The platform’s white paper reveals contributions from Steve Witkoff and AMG Software Solutions. Trump also introduced the WLFI token, which will be used exclusively for voting purposes and will not be tradable. The SEC will regulate the token, despite Trump’s criticism of its chairman.
The WLFI token sale will allocate 62.66% of the tokens to public investors, with additional portions reserved for future use and project team compensation. The platform has complied with all legal requirements, including KYC protocols, and will sell the token as an unregistered security under Rule 506(c).
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
