In order to find the financing necessary for its growth, World Liberty Financial, the crypto project led by Donald Trump's sons, has come up with a plan of attack. This will involve the upcoming sale of part of the supply of WFLI, the cryptocurrency backed by the project.
According to World Liberty Financial, the sale of part of its WLFI tokens would allow it to raise a substantial sum
This week, the team in charge of the World Libery Financial project, the decentralized finance (DeFi) platform supported by Donald Trump's sons, shared its roadmap to a panel of potential investors. According to the action plan, a sale of the WLFI cryptocurrency backed by the project is scheduled for next week.
By offering 20% of WLFI's supply to interested investors, Donald Trump Jr. and Eric Trump, co-founders of World Liberty Financial, hopes to raise no less than $300 million. Thus, the total supply of this cryptocurrency would be evaluated at 1.5 billion dollars.
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One of the project leaders, Zak Folkman, announced that 63% of WLFI’s supply would be offered for sale to the general public and investors17% would be used to reward World Liberty Financial users, and 20% would be distributed to members of the project development team.
As specified in the roadmap, WLFi will take the form of of a governance token. Investors will be able to use it to vote for or against proposals to improve World Liberty Financial. Please note that for one year, WLFI will not be transferable.
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A roadmap that is divided into 3 stages
According to the holders of World Liberty Financial, the main objective of the project is to drive mass adoption of digital assets through a single platform. In the coming weeks, Donald Trump's sons would like to propose a first version of their decentralized lending platform thanks to Aave.
This is why the team in charge of the project recently published a proposal on the governance forum of the cryptocurrency lending and borrowing protocol. This would be the first step in the action plan designed by World Liberty Financial.
If this proposal were to be accepted, an instance of World Liberty Financial would then be created on Aave V3 directly on the Ethereum (ETH) blockchain. USDC, USDT, ETH, and wBTC would be supported on this new platform.
👉 Discover the outlines of World Liberty Financial, the project led by Donald Trump's sons
Secondly, cryptocurrency exchanges would be integrated into the platform and users will be able to exploit on-chain certificates to switch from one blockchain to another. A credit card focused on stablecoins would be created for the occasion to allow anyone to spend their tokens in the real world.
Finally, the final phase of the project will involve obtaining all necessary regulatory licenses in order to include as many cryptocurrencies as possible in the DeFi lending platform.
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Source: The Block
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