Donald Trump-backed World Liberty Financial has over 100,000 signups and a $300 million target ahead of its token launch. Stablecoin leader Rich Teo joins the team.
Donald Trump-backed World Liberty Financial is set for its public token launch on October 15, with over 100,000 signups already registered. The project has attracted significant attention with a $1.5 billion valuation target and the addition of Paxos co-founder Rich Teo to lead its stablecoin and payments division.
Key Points:
100,000 Signups: World Liberty Financial (WLFI) boasts over 100,000 registered users ahead of its October 15 token launch.
ERC-20 Governance Token: The WLFI token will function as the governance token of the DeFi platform, enabling users to borrow, lend, and interact with liquidity pools.
Stablecoin Leadership: Paxos co-founder Rich Teo joins the project, reinforcing its focus on payments and stablecoins.
Token Allocation: 63% of the tokens will be sold to whitelisted users, while 20% will go to the team, and 17% will be set aside for user rewards.
$300 Million Target: The project aims to raise $300 million, which will give it a valuation of $1.5 billion.
With a strong team, including Paxos co-founder Rich Teo, and significant pre-launch interest, World Liberty Financial is positioned to make waves in the DeFi space. The platform’s governance token, WLFI, is poised to launch just weeks before the US elections, where Trump has promised to make America the “crypto capital.”
Source: Cointelegraph
Comments