Trump’s World Liberty Financial Project to Launch WLFI Token

At a launch event for former President Donald Trump’s World Liberty Financial on X, the team behind the crypto project unveiled its governance token, WLFI. During a more than two-hour X Spaces session on Monday night, the team revealed key details of the yet-to-be-launched token. 

WLFI Distribution 

Concerning WLFI’s distribution, founder Zak Folkman noted that 63% will be sold to the public, 17% will be set aside for user rewards, and the remaining 20% will be reserved for the founding team, which includes the Trumps. Folkman added that there will be no pre-sales, VC, or early buy-ins. 

The new structure comes after several crypto community members criticized an earlier proposed token distribution that will see the founding team claiming 70% token ownership. Shifting to a community-focused approach now addresses these concerns.

According to the team, WLFI will be sold only to accredited investors in the US under the Securities and Exchange Commission’s (SEC) Regulation D (Reg D) exemption. Reg D allows companies to raise capital without first registering with the SEC if they meet certain conditions that exempt them from such registration. As previously reported, the token will be non-transferable (not tradable).

Will WLFI Launch Before the Elections?

The team didn’t mention the actual launch date for the governance token. However, after the session ended, the odds of launching the token before the upcoming presidential election dropped 22% on Polymarket.

While many details of World Liberty Financial remain unclear, the project has been described as a crypto banking platform where users can perform functions like borrowing, lending, and investing in crypto. Reports suggest the project will offer decentralized borrowing and lending services on the Ethereum blockchain, just like typical DeFi protocols.

“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,” Folkman said during the steam.