Donald Trump, the Republican presidential nominee, is set to launch a token sale for his decentralized finance platform, World Liberty Financial (WLFI), as the election draws near.
In a recent post on X, the former president shared that WLFI will be available in the marketplace early this week. However, he didn't specify a price.
“Token Sale goes live on Tuesday morning, October 15th! This is YOUR chance to help shape the future of finance. Be there on Monday, October 14th at 8 AM EST for an Exclusive Spaces to learn more,” Trump announced.
Back in August, Trump introduced his platform, which he initially called “The DeFiant Ones.” The goal? To assist those who feel left out by traditional banks.
He stated, “For too long, the average American has been squeezed by the big banks and financial elites. It’s time we take a stand – together.”
The project’s roadmap highlights its mission to promote stablecoins tied to the U.S. dollar and spread the concept of DeFi worldwide.
A few weeks later, Trump confirmed that a governance token would accompany the platform. A spokesperson explained, “We’re planning to sell and otherwise distribute governance tokens called WLFI in the future. WLFI tokens are pure governance tokens, only providing the right to make proposals and vote on matters related to the platform.”
According to earlier reports, 63% of all WLFI tokens will be sold to the public. Meanwhile, 17% will go towards rewards, and 20% will be allocated for team compensation.