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Donald Trump says his World Liberty Financial crypto project will start selling tokens on Tuesday

Donald Trump says his World Liberty Financial crypto project will start selling tokens on Tuesday

 


Donald Trump says his World Liberty Financial crypto project will start selling tokens on Tuesday

Donald Trump supported the decentralized finance protocol. The World Liberty Financials token sale will go live Tuesday morning, the former president said Saturday.

What happened: This is YOUR chance to help shape the future of finance, Trump wrote on social media platform X, formerly Twitter, about the upcoming token sale. The President also urged interested applicants to participate in the X Spaces event to be held on Monday regarding the token sale.

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The .@WorldLibertyFi Token Sale goes live on Tuesday morning, October 15th! This is YOUR chance to help shape the future of finance. Be there Monday, October 14 at 8:00 a.m. EST for an exclusive space to learn more. Join the whitelist today and be ready for Tuesday:…

Donald J. Trump (@realDonaldTrump) October 12, 2024

The World Liberty Financials website now displays a countdown to the start of the sale.

Big news! The @WorldLibertyFi public sale begins October 15 and is open to anyone who qualifies via the whitelist. Join us for a Twitter Spot on October 14 at 8:00 a.m. EST to learn more. Stay tuned for updates!

WLFI (@worldlibertyfi) October 11, 2024

Trending: Dogecoin Millionaires Surge Investors with Over $1 Million in DOGE Revealed!

Why it matters: According to The Blocks report last week, the project aims to raise $300 million from the initial sale. It will sell 20% of the token supply at a fully diluted valuation of $1.5 billion, the report said, citing the roadmap shared with potential investors.

The token called WLFI will serve as the governance token of the platform and allow users to vote on its future development. However, the token will be non-transferable and will not earn any returns, which is different from most crypto assets that can be traded or earn passive income.

Price Action: The broader crypto market responded positively to the news. Bitcoin (CRYPTO: BTC) saw a 0.34% increase over the past 24 hours, while Ethereum (CRYPTO: ETH) rose 0.86% and Dogecoin (CRYPTO: DOGE) gained 1.15 %, according to data from Benzinga Pro.

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This article Donald Trump Says His World Liberty Financial Crypto Project Will Start Selling Tokens Tuesday, originally published on Benzinga.com

2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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