World Liberty Financial, the crypto project backed by former president and current Republican nominee Donald Trump, has gone live with its token sale.
According to the project’s website, after a day of sales, the project has sold 796 million WLFI tokens out of a total of 20 billion, or about 4% of the target.
At time of writing, WLFI is priced at $0.015, implying a $300,000,000 valuation of the tokens available for public sale, but the project is aiming for a $1.5 billion fully diluted valuation (FDV).
The project originally said that 63% of all WLFI would be sold to the public, but according to its current whitepaper – or “goldpaper”– World Liberty Financial appears to have lowered that to 35%.
World Liberty Financial says it’s the “only DeFi platform inspired by Donald J. Trump” and aims to lead a “financial revolution by dismantling the stranglehold of traditional financial institutions and putting the power back where it belongs: in your hands.”
A Federal Election Commission (FEC) filing shows that a Trump political action committee (PAC) donated over $7.5 million in crypto to the former president’s campaign, including in Bitcoin (BTC), Ethereum (ETH), XRP and USDC.
Trump has signaled that under his potential presidential administration, the US government’s anti-crypto agenda would end, and has even suggested a Bitcoin treasury to help get the country’s finances in order.
The Republican nominee for president brought up the idea in a recent interview on Fox Business, though he didn’t elaborate on how.
“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.”
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