The World Liberty Financial (WLFI) project, backed by former President Donald Trump and his sons, is making headlines with the announcement of its new governance token, WLFI. During a live X Spaces audio stream, the project’s team confirmed the upcoming launch of the token, which is set to play a significant role in shaping the governance of the project. With over 100,000 listeners tuning in, the event stirred widespread speculation and debate within the crypto community.
WLFI – A Token For Governance, Not Profit
What sets the WLFI token apart from other cryptocurrency projects is its unique, non-transferable nature. According to the project team, WLFI will not provide any economic rights or returns for its holders. Instead, the token will be purely for governance purposes, aimed at attracting participants who are genuinely interested in shaping the future of the project.
As one of the project’s founders, Zak Folkman, highlighted during the live stream, “We only want token buyers who are seeking to be participants in governance, not those after an economic return.”
Token Distribution and SEC Compliance
The WLFI token will be sold under a Regulation D exemption from the Securities and Exchange Commission (SEC), meaning it will only be available to accredited investors. Under this exemption, companies can raise capital without the need to register their securities with the SEC, allowing for more flexible fundraising opportunities.
Of the total token supply, 63% will be sold to the public, with 17% reserved for user rewards and 20% allocated to the team. Although no specific launch date was provided, the announcement has sparked significant interest, particularly among those in the PolitiFi sector.
Trump Family Crypto Advocacy
Various members of the Trump family, including Donald Trump Jr. and Eric Trump, joined the discussion, each sharing their perspectives on the future of decentralized finance (DeFi). Donald Trump Jr. emphasized DeFi’s role in restoring fairness to the financial system, stating that it aligns with “what our founding fathers intended for the country.” He also noted the growing support for crypto from influential figures like David Sacks and Elon Musk.
Eric Trump, on the other hand, focused on the need for greater accessibility in DeFi. Recalling his own struggles with using the Aave lending platform, he highlighted the importance of user-friendly crypto services. “DeFi needs to be easier to use for regular people,” Eric remarked.
Although former President Donald Trump only joined the stream for the first 40 minutes, he offered his insights on broader crypto policy. “Crypto’s one of those things we have to do, whether we like it or not,” he stated, signaling his pragmatic approach to the industry’s rise. While he didn’t delve into specific projects or tokens during the stream, his frequent mention of “crypto” and “NFT” kept the Polymarket betting markets buzzing with anticipation.
A Polymarket contract that speculated on whether Trump would launch a coin before the 2024 election saw a surge in activity during the stream. As the event unfolded, the “Yes” side peaked at over 80%, but by the end of the session, it had plummeted to as low as 22%. Despite the excitement, Trump’s comments on crypto policy were the focus, with no direct mention of coins like Solana or meme tokens such as Dogecoin or Milady, which some users had bet on.
Also Read: Dogecoin, Shiba Inu, And PEPE Surge Over $2 Billion After Viral Trump Comment
With WLFI poised for launch, the project signals a new era for politically endorsed crypto initiatives. Its unique governance model and association with the Trump family are sure to generate continued interest and scrutiny in the months ahead.
As the cryptocurrency landscape continues to evolve, the role of governance tokens like WLFI could redefine the intersection between politics and decentralized finance.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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