World Liberty Financial, the crypto initiative of the Trump family, is a project developed as part of a broader decentralized finance venture. The crypto project will launch a governance token called WLFI.
Here is all you need to know about World Liberty Financial and the launch of WLFI.
What Is World Liberty Financial?
World Liberty Financial is a crypto project that has been endorsed by the entire Trump family as part of a larger decentralized finance venture.
As noted by Forbes, the former Telegram group run by Donald Trump’s sons, Eric and Don Jr, has been renamed World Liberty Financial. Previously, the group was called “The DeFiant Ones” – a reference to the crypto-based concept of decentralized finance (DeFi).
Making Finance Great Again
On August 22, on his Truth Social account, Trump shared a message, saying that for too long, the average American has been squeezed by the big banks and financial elites.
“It’s time we take a stand – together,” he posted.
Trump’s sons also teased the upcoming project related to crypto and DeFi, mentioning a platform that would take on the banks.
On August 23, Donald Trump Jr. shared a message via Telegram, telling people that they know how crooked banks and financial institutions rig the systems against everyday Americans by:
- Shutting people out
- Denying them loans
- Drowning them in paperwork
- Killing them with legal and processing fees
He also mentioned the ways in which the Trump family has experienced all this firsthand by:
- Being debanked
- Being de-platformed
- Having every political game imaginable played on them
Trump Jr. also said that the banks and the elites who run the world want absolute control, but this will end.
He vowed to make finance great again by putting the power back in people’s hands. He also mentioned the new DeFi platform that will but out the corrupt, expensive, and inefficient middlemen.
Trump Jr. said that it’s time to modernize an unfair and antiqued system and give people the same opportunities.
World Liberty Financial – Transforming Decentralized Finance Forever
On August 26, the Telegram group “The DeFiant Ones” was renamed to “World Liberty Financial,” and ever since, it has been posting updates, revealing that they were gearing up for major announcements and exciting updates that would “transform decentralized finance forever.”
On August 28, the X account of World Liberty Financial – WLFI celebrated 10,000 followers, telling people that they are just getting started and this was a testament to the power of community.
On August 31, their Telegram group celebrated 100,000 members, an important achievement in a relatively short amount of time.
WLFI – Mission and Key Features
On September 4, the Telegram channel of WLFI highlighted the real story behind the project, addressing its magnitude and the potential impact on both crypto and the US, especially in an election year.
Here are the key features revealed by the project via X as well:
1. Working with top security experts
WLFI is reportedly working with the top security experts in the world, including:
- Zokyo
- Fuzzland
- Peckshield
- BlockSecTeam
WLFI’s code was reportedly reviewed by all of them, and they are using the best practices and making user security their main concern.
2. Aave collaboration
The team behind the project made it clear that they are not “just another hostile fork of Aave.” They noted that they are working together, collaborating to create a platform that sets new standards and pushes DeFi forward,
3. Crystal-clear mission of DeFi and stablecoin adoption
WLFI’s mission is to make crypto and America great by driving the mass adoption of stablecoins and DeFi:
- DeFi is the future: WLFI promises to make DeFi accessible and secure for everyone.
- Why stablecoins matter: WLFI wants US-pegged stablecoins to remain the world’s settlement layer for the next 100 years.
4. Protecting the US dollar dominance
They also mentioned that the US dollar has been the backbone of global finance for decades, but it’s now under attack by foreign nation-states.
By spreading US-pegged stablecoins around the world, WLFI makes sure that the US dollar’s dominance will continue.
Supporting President Donald Trump
On September 16, the team at World Liberty Financial, shared an important message via X, following the 2nd assassination attempt on Donald Trump.
They showed strong support for Trump, calling him a visionary leader, not just for the USA, but for the crypto movement as well.
Despite the events, the scheduled X Space with the former US President which was scheduled for September 16 proceeded as planned, revealing the upcoming steps for the future of crypto.
The Launch of WLFI Governance Token
During the X event on September 16, the team behind the Trump family’s new crypto project revealed important details regarding who can buy the upcoming WLFI tokens that they plan to release and how shares of the project will be allotted.
According to the discussion, World Liberty Financial will be a crypto banking platform where the general public will be encouraged to:
- Borrow
- Lend
- Invest
WLFI Equity Structure
According to founder Zak Folkman, cited by CNBC, the equity structure for the WLFI tokens will be as follows:
- 20% of WLFI tokens are allotted to the founding team, including the Trumps.
- 17% of WLFI tokens are set aside for user rewards.
- 63% of WLFI tokens will be made available for the public to purchase.
Also, there will be no pre-sales or early buy-ins.
Purchases of WLFI to Be Screened via KYC
As reported by Decrypt, the sale of WLFI tokens will be regulated by the SEC.
Also, all purchases of WLFI will be screened using the same KYC (know your customer) standards relied upon by crypto exchanges such as Binance, Coinbase, Kraken, and more.
Decrypt also revealed dthat while an excerpt of the project’s whitepaper reviewed by them emphasized that the WLFI tokens are not intended to be deemed as securities, the tokens will be offered via Rule 506(c) of the SEC’s Regulation D.
This means that the token will be a Reg D token offering, following the US SEC’s Regulation D – this is a provision that makes it possible for a company to raise capital without first registering their securities with the commission so long as certain conditions are met.
In other words, the token will be sold as unregistered securities under an SEC exemption that allows for such products to be offered in the US to accredited investors.
Accredited investors are defined by the SEC as financially sophisticated individuals who have either:
- Earned $200,000 in one of the last 2 years
- Earned $300,000 with their spouse or spousal equivalent in the last 2 years
- Have a net worth of $1 million or more with or without a spouse
- Are a broker/financial professional
The team did not share the launch date for the token during their X Spaces live which gathered over 1 million views, according to WLFI’s official account.
