Crypto project World Liberty Financial, promoted by Trump family, confirms plan for token launch.
Introduction
In a recent X Spaces live audio stream, the team behind World Liberty Financial (WLF), a crypto project endorsed by the Trump family, announced the launch of a governance token called WLFI. This development marks an exciting new chapter for WLF, as it seeks to create a more inclusive and participatory environment for its users.
The WLFI Governance Token: A Non-Transferable Token for Accredited Investors
According to the team, WLFI will be a non-transferable token offered only to accredited investors under an SEC Regulation D exemption. This decision was made due to regulatory uncertainty in the U.S., which has led the team to prioritize compliance and caution.
Token Allocation: 63% Public Sale, 17% User Rewards, 20% Team Reserves
The token will be allocated as follows:
- 63%: Sold to the public
- 17%: Reserved for user rewards
- 20%: Going to the team
This allocation reflects the team’s commitment to fairness and transparency, ensuring that a significant portion of the token is available to users who want to participate in governance.
Regulation D Exemption: A Key Aspect of WLFI’s Launch
As CoinDesk reported last week, WLF will be using a Regulation D exemption from the Securities and Exchange Commission (SEC). This exemption allows companies to raise capital without registering securities with the SEC, primarily by offering securities to accredited investors or in small, private offerings.
A Simple and Intuitive User Experience: Zak Folkman’s Vision
In an interview during the stream, Zak Folkman, one of WLF’s founders, emphasized the importance of creating a user-friendly experience. He stated:
"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."
This commitment to simplicity and usability reflects WLF’s focus on making crypto accessible to a broader audience.
The Trump Family’s Involvement: A Strong Showing of Support
During the X Spaces live audio stream, various members of the Trump family joined the discussion to share their views on crypto. Donald Trump Jr. spoke about how he sees DeFi as "what our founding fathers intended for the country," highlighting its potential to bring back fairness to the financial system.
Donald Trump’s Views on Crypto: A Positive Outlook
Former President Donald Trump also participated in the stream, sharing his thoughts on crypto public policy developments. He stated:
"Crypto’s one of those things we have to do, whether we like it or not."
This endorsement from a former president is a significant boost for WLF and the wider crypto community.
A Polymarket Contract: Betting on Trump’s Comments
In an interesting development, a Polymarket contract was created to bet on what Donald Trump would say during the stream. The contract had markets for "Solana", "Memecoin", "Milady", and "Doge" but failed to mention any of these terms. However, he did discuss crypto multiple times and mentioned NFTs once.
Conclusion
The launch of WLFI’s governance token marks an exciting new chapter for WLF, as it seeks to create a more inclusive and participatory environment for its users. With the Trump family’s endorsement and a commitment to simplicity and usability, this project has all the makings of a success story in the crypto space.
What’s Next?
While the team didn’t share a launch date for WLFI during the stream, it’s clear that WLF is committed to creating a user-friendly experience. As we await further updates on WLFI’s launch, one thing is certain: this project has the potential to bring about significant changes in the world of crypto governance.
Stay Tuned!
As more information becomes available, stay tuned for updates on WLFI’s progress and how you can participate in this exciting new chapter for WLF. With its focus on simplicity, usability, and participation, WLFI is set to make waves in the crypto community.
References
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