World Liberty Financial, a cryptocurrency project supported by the Trump family, is set to introduce its governance token, WLFI. The token, which plays a key role in decision-making within the project, will be launched under an SEC Regulation D exemption, meaning it will be available to accredited investors but not transferable like traditional cryptocurrencies.
Trump-Backed World Liberty Financial Confirms Token Launch
The World Liberty Financial (WLFI) crypto project, which has garnered attention from former President Donald Trump and his sons, has announced plans to release a governance token during a recent live session on X Spaces.
The WLFI token will be non-transferable and will not offer any financial benefits. The team clarified that they are seeking participants interested in governance rather than economic returns.
In the token distribution, 63% will be available to the public, 17% will be allocated for user rewards, and 20% will be reserved for the team, according to Coindesk.
Currently, WLFI tokens will be offered exclusively to accredited investors under the SEC's Regulation D exemption, which allows for capital raising without SEC registration, typically targeting accredited investors or private placements.
Zak Folkman, a founder of the project, highlighted their aim to develop user-friendly projects that don't require extensive assistance. "Our goal is to make our projects easy to use, without needing to call for help," Folkman said during the session.
The team did not provide a specific launch date for the WLFI token during the nearly two-and-a-half-hour stream, which drew over 100,000 listeners.
Trump Family Weighs In on Crypto: Polymarket Odds Fluctuate During Live Stream
During a Polymarket contract, the odds of Donald Trump launching a cryptocurrency before the upcoming election soared above 80% during a live stream but fell to around 22% by the session’s close.
The live stream featured input from several Trump family members on the subject of cryptocurrency. Donald Trump Jr. praised decentralized finance (DeFi), calling it a return to the principles envisioned by America's Founding Fathers, as it purportedly restores fairness to the financial system. He also noted the increasing support for crypto from high-profile investors such as David Sacks and Elon Musk.
Eric Trump commented on the need for DeFi to become more accessible, sharing his own challenges with using decentralized finance tools like Aave, a lending platform.
Former President Donald Trump joined the X Spaces event for the initial 40 minutes but did not address the cryptocurrency project directly. Instead, he discussed broader issues related to crypto policy, stating, “Crypto is an issue we must tackle, regardless of our preferences.”
Additionally, a Polymarket contract allowed participants to wager on terms Trump might mention during the stream. While options included “Solana,” “Memecoin,” “Milady,” and “Doge,” Trump did not mention these specific terms. He did, however, refer to “Crypto” several times and “NFT” once.
