Former U.S. President Donald Trump and his three sons have initiated the DeFi project World Liberty Finance, which is planning its first token sale next week. The project aims to raise $300 million by selling 20% of the WLFI token supply, with an expected valuation of $1.5 billion.
Project’s Financial Goals
World Liberty Finance seeks to collect $300 million by selling 20% of the WLFI tokens. These tokens will not be transferable for the first 12 months. A total of 63% of the token supply will be made available for public sale in the future. Additionally, 17% of tokens are allocated for user rewards, and 20% for the team. WLFI functions as a governance token that will be used for voting on platform development.
Donald Trump serves as the Chief Crypto Advocate for World Liberty Finance, with his three sons acting as Web3 Ambassadors. The founding team includes Steve and Zach Witkoff, Zak Folkman, and Chase Herro. Luke Pearson from Polychain Capital is the platform president, while Corey Caplan, co-founder of Dolomite, serves as the Chief of Technical Strategy.
Trump’s Evolving Stance on Crypto
Donald Trump’s attitude toward cryptocurrencies has shifted in recent months. While he referred to cryptocurrencies as “dollar-killing scams” in 2021, he has begun to embrace digital assets in his 2024 presidential campaign. Last month, at a Bitcoin 
$64,336 conference in Nashville, he announced plans to make the U.S. the “crypto capital” and took direct steps into digital markets, including NFTs. Trump’s campaign raised $3 million from crypto-related donors in July, making him the first presidential candidate to accept campaign donations in cryptocurrency.
These developments illustrate Trump’s transformative approach to cryptocurrencies and indicate that the World Liberty Finance project reflects this shift. The launch of World Liberty Finance can be seen as a significant step toward solidifying the role of digital assets in the financial ecosystem. The project’s success will depend on market reactions and regulatory interactions.
