Republican presidential nominee Donald Trump is announcing a token sale for his decentralized finance (DeFi) platform World Liberty Financial (WLFI) as the election approaches.
In a new thread on the social media platform X, the former president says that WLFI will hit the marketplace early this week, though no price was specified.
“Token Sale goes live on Tuesday morning, October 15th! This is YOUR chance to help shape the future of finance. Be there on Monday, October 14th at 8 AM EST for an Exclusive Spaces to learn more.”
In August, Trump announced the launch of his platform – at the time called “The DeFiant Ones” – as a means of helping those disenfranchised by banks.
Said Trump at the time,
“For too long, the average American has been squeezed by the big banks and financial elites. It’s time we take a stand – together.”
In its roadmap, the project said its mission is to spread stablecoins pegged to the US dollar and the concept of DeFi across the globe.
Weeks later, Trump confirmed the launch of an accompanying governance token. As stated by a spokesperson for the project at the time,
“We’re planning to sell and otherwise distribute governance tokens called WLFI in the future. WLFI tokens are pure governance tokens, only providing the right to make proposals and vote on matters related to the platform.”
According to previous reports, 63% of all WLFI will be sold to the public while 17% will be allotted for rewards and 20% for team compensation
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