Trump-linked crypto project aims to raise $300 million selling token you may never be able to resell
World Liberty Financial is reportedly seeking a $1.5 billion valuation for its nontransferable governance token, WLFI.
A Donald Trump-linked crypto project is one step closer to launching.
World Liberty Financial said on X that it planned to hold a public token sale tomorrow. The goal, according to The Block, is to raise $300 million from accredited investors by selling 20% of its token supply.
Trump championed the sale on X, writing, “This is YOUR chance to help shape the future of finance.”
Tomorrow’s sale would be the latest step in what’s been a bumpy rollout for WLF. The project’s supposed launch date came and went last month, only to be soon followed by pushback from members of the crypto community who likened it to a cash grab.
Now, WLF is pushing a governance token, WLFI, that’s reportedly nontransferable for at least the first 12 months. That essentially means buyers would be unable to resell the WLFI token for the first year.
Notably, WLF is reportedly a DeFi lending platform that will be focused (at least initially) on bitcoin, ethereum, and stablecoins.
Meanwhile, as Trump hyped his upcoming token sale, Vice President Harris announced her support for a regulatory framework around crypto.
