Former President Donald Trump and his sons have actively promoted the World Liberty Financial project, signaling their ongoing interest in the cryptocurrency space. Trump’s endorsement of the project is consistent with his recent public support for cryptocurrencies, which he has described as a vital part of the future of finance. The Trump family’s involvement has generated significant attention and anticipation around the project.
The WLFI token, as explained during the live stream, will be non-transferable and won’t provide any economic rights. The project’s team emphasized that the token is intended solely for those who wish to participate in governance, not for those seeking financial returns. The token allocation includes 63% for public sale, 17% reserved for user rewards, and 20% for the team.
The token will be offered exclusively to accredited investors under a Regulation D exemption from the Securities and Exchange Commission (SEC). This exemption allows companies to raise capital without registering securities with the SEC, typically by selling to accredited investors or through small, private offerings.
“Our goal is to build projects that are easy and simple to use and where you don’t need to phone a friend to get a walkthrough,” said Zak Folkman, one of the project’s founders, during the stream.
Despite the detailed discussion, the team did not provide a specific launch date for the token. However, the session attracted over 100,000 listeners, reflecting the high level of interest in the project, particularly given the Trump family’s backing.
Donald Trump, the 45th President of the United States, has increasingly shown interest in the cryptocurrency industry, especially after his term in office. While he was initially skeptical of digital currencies, Trump has since shifted his stance, recognizing the growing importance of blockchain technology and cryptocurrencies in the global financial system. His endorsement of World Liberty Financial marks another step in his and his family’s engagement with the crypto world, following previous ventures and public statements supporting digital assets.