Just a few hours before the first sale of the WLFI token associated with the World Liberty Financial project, the excitement around the decentralized finance (DeFi) platform is stronger than ever. Rich Teo, the former CEO of Paxos, has even expressed interest in the project, to the point of joining the development team.
World Liberty Financial claims 100,000 registrations even before its official launch
On the occasion of a Space on X, World Liberty Financialthe decentralized finance (DeFi) platform supported by Donald Trump's sons, announced that it had obtained more than 100,000 registrations even before the launch of the pre-sale of its WLFI cryptocurrency scheduled for today.
For more than 90 minutes, World Liberty Financial Chief Operating Officer Zak Folkman, along with two other project members, Chase Herro and Steve Witkoff, took the opportunity to confirm some of the information that had spread in recent weeks around the platform and its token.
💡 Discover our selection of the best cryptocurrencies to buy for less than €1
Thus, details surrounding the WLFI cryptocurrency have been provided. It will indeed be an ERC-20 governance token based on the Ethereum blockchain. All people who will obtain the cryptocurrency will have the power to vote in favor or against proposals aimed at improving the crypto platform.
On the other hand, the information according to which the WLFI token will not be transferable for 12 months from its distribution has not been confirmed or denied. The same goes for the sum of 300 million dollars What do Donald Trump's sons hope to obtain by selling 20% of their crypto supply starting this Tuesday?.
63% of WLFI tokens will be distributed to the public17% will be intended to reward users and 20% will be reserved to remunerate the development teams. Widespread sale of this cryptocurrency will begin approximately 3 weeks after the US presidential elections scheduled for November 5.
Coinbase: register on the most famous crypto exchange in the world
The DeFi platform of Donald Trump's sons will initially land on Aave
During Space, several personalities close to the project spoke more or less briefly. This is the case of Donald Trump Jr. who was introduced as a “web3 ambassador” of World Liberty Financial. He greeted his collaborators and praised his platform which, according to him, introduces “ a fairer financial system for all “.
Aave CEO and Founder Stani Kulechov also made an appearance during Space. The latter declared that he was “ very excited and happy that World Liberty Financial is using Aave for its borrowing and lending features “.
Stani Kulevhow also confirms that the protocol will soon host an instance of World Liberty Financial on the Ethereum network and layer 2 Scroll.
🔎 What is the Aave cryptocurrency lending and borrowing protocol?
Chase Herro also spoke out, stating that Rich Teo, the co-founder and former CEO of Paxos, had joined the World Liberty Financial team as “ responsible for stablecoins and transactions related to the project “.
A new arrival of size after having recorded in August those of by Alex Golubiskydirector of MetaleX Pro, a cryptocurrency governance consulting firm, and Corey Caplanco-founder of the DeFi platform Dolomite.
Cryptoast Academy: Don’t waste this bull run, surround yourself with experts
Source: World Liberty Financial on
The #1 Crypto Newsletter 🍞
Receive a summary of crypto news every day by email 👌
What you need to know about affiliate links. This page may feature assets, products or services relating to investments. Some links in this article may be affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no harm to you and you can even get a bonus using our links.
Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and cannot be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
AMF recommendations. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your capacity to lose part of this savings. Do not invest if you are not prepared to lose all or part of your capital.
To go further, read our Financial Situation, Media Transparency and Legal Notices pages.