Trump’s WLFI crypto Projects highlights Strong initial demand

Table Of Content

• Overview of World Liberty Financial (WLFI) and its token sale launch
• Initial sale details
• Key features: Non-transferable, no yield generation
• Criteria for accreditation
• Impact on the token sale and investor access

Former U.S. President Donald Trump’s DeFi project, World Liberty Financial (WLFI), has officially launched its token sale. The publis sale, which starting today, the coin exclusively available for participants who are pre-qualified through whitelist process that initiated in september.

In the first 20 minutes alone, the project sold over 220 million token to more than 1700 unique wallets, highlighting strong early demand.

The WLFI token went live this morning, available to accredited investors on the World Liberty Financial website, which experienced multiple outages due to high traffic. Nearly 2,900 investors successfully purchased 344 million tokens within the first hour of the sale.

WLFI Token: Governance-Centered DeFi Platform with Limited Transferability and No Yield Generation

World Liberty Financial aimed to raise $300 million through its initial token sale on tuesday at a $1.5 billion. The whitelist process for accredited investors, who should meet specific income or professional criteria such as exceeding net worth $1 million, began on September 30.

The WLFI coin serves the governance token for the World Liberty Financial DeFi platform, it will allow investors to paticipate in decision-making processes. The platform enables users to borrow, lend, and earn interest on threir asset.

The WLFI token differs from traditional cryptocurrencies like Bitcoin because it is non-transferable and doesn’t generate any yield. Unlike most digital asset, WLFI tokens are restricted to platform use, emphasizing governance rather than any yield generation or speculation.

Additionally, 63% of the total WLFI token supply is reserved exclusively for accredited investors, limiting access to a select group.

Over the weekend, Donald Trump promoted the WLFI sale in a post on X (formerly Twitter). However as of tuesday, World Liberty Financial’s accounts on X and Telegram haven’t yet posted about the token sale on Tuesday.

An early white paper for the WLFI projects, a research-based document commonly used to promote crypto projects, included a disclaimer that said the project is “not owned, managed, operated or sold” by the Trump family, while noting they receive compensation.

One of the project’s posts stated, “We plan for all Americans to be able to use this platform in the future, giving everyone access to the tools and opportunities that have been restricted for far too long.” This statement empasize the project’s goal is democratizing the access to financial tools and oppurtunities, positioning it as a platform that aims to empower a broader audience.

World Liberty Financial: A Family-Backed DeFi Venture with Ambitious Goals

The DeFi project, World Liberty Financial, is fronted by Eric Trump, Donald Trump’s son, and was initially announced in August. Eric Trump described the project as “ digital real estate,” positioning the Ethereum-based project as an ambitious competitor in the DeFi space.

Donald Trump is listed as World Liberty Financial’s chief crypto advocate, while his sons-Eric, Donald Jr. and Barron Trump-serves as its web3 ambassadors. The project also features Paxos co-founder Rich Teo as its stablecoin and payment lead, as well as Luke Pearson, a senior research cryptographer for Polychain, adding significant expertise to the project’s team.

In a recent blog post, World Liberty Financial outlined its ambition to become a global “one-stop shop for DeFi,” aiming to compete with well established decentralized platforms like Uniswap.