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World Liberty Financial, a crypto project backed by the Trump family, has whitelisted over 100,000 accredited U.S. investors ahead of the WLFI token presale, which begins Tuesday.
During a recent live stream, the team behind WLFI provided updates, confirming that the project has successfully whitelisted over 100,000 investors. The WLFI token will serve as the protocol’s governance token, enabling users to participate in key decisions regarding the platform.
World Liberty Financial: A Unified Platform for DeFi
World Liberty Financial aims to offer a unified platform where users can lend, borrow, and transact with stablecoins. The platform’s goal is to raise $300 million, valuing the venture at $1.5 billion. Launched on September 16 by Donald Trump, the project seeks to disrupt traditional finance by offering decentralized finance (DeFi) as an alternative.
Potential Growth and Concerns
Some analysts predict significant growth for the World LibertyFi token. However, a recent report flagged potential concerns surrounding the project, prompting investors to exercise caution.
Key Personnel and Operations
Rich Teo has joined the project as the lead for stablecoin and payment operations. Teo co-founded Paxos, a regulated blockchain infrastructure platform known for providing stablecoin services and digital asset solutions. His extensive background in finance, particularly in quantitative trading at Citadel Investment Group, adds significant expertise to the team.
Token Presale and Investor Participation
The token presale will be available to accredited U.S. investors, with additional participation from investors in the UK and other regions, adhering to local regulations. This presale comes just weeks before the U.S. presidential election, in which Donald Trump is a Republican candidate. Currently, Trump has a 53.6% chance of winning the election according to Polymarket bettors.
World Liberty Financial is poised to make a significant impact in the DeFi space, leveraging the expertise of seasoned professionals and the backing of influential figures.
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