Trump's Crypto Plan: $300 Million To Shake Up The Global Finance

The former president Donald Trump is accelerating in the world of crypto and decentralized finance by officially launching the sale of his WLFI token, scheduled for October 15. This event marks a significant milestone for World Liberty Financial, the DeFi project developed by the Trump family. With a sale aiming to raise $300 million, this initiative is set in a busy calendar, just a few weeks before the American presidential election.

Donald Trump’s crypto project takes shape

Donald Trump, the candidate who promises to save Ross Ulbricht once elected, does not hide his ambitions by announcing the sale of 20% of the WLFI tokens from October 15. The former president took advantage of a tweet on October 12 to remind his supporters to prepare for this event, with an information session scheduled the day before on X Spaces.

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

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

The goal is clear: to raise $300 million to reach a valuation of $1.5 billion.

As of today, registrations on the whitelist are open to accredited crypto investors based in the United States and non-U.S. residents, with mandatory identity verification (KYC) procedure.

The timing seems tailor-made, as this crypto sale occurs barely three weeks before the presidential election on November 5. Coincidence? Perhaps not, as Trump intends to draw attention to his innovative project in the midst of the electoral campaign.

“This token sale is a unique opportunity to shape the future of finance“, he declared with his usual enthusiasm.

The market in turmoil with World Liberty Financial

World Liberty Financial is not just selling tokens; the project is ambitious with the development of a crypto debit card allowing spending of stablecoins with real-world merchants.

Additionally, a recent proposal on the Aave governance forum mentions the launch of a version of Aave v3 on Ethereum, with initial support for USDC and USDT stablecoins, as well as for ETH and WBTC.

The key points of the project are as follows:

• Public sale of 20% of the total WLFI supply on October 15;
• Goal of $300 million, with a valuation of $1.5 billion;
• Expansion plan to networks like Scroll, an Ethereum Layer 2 solution.

The project seems to be gaining support in the crypto community, especially among Aave members, where the initial proposal has already received favorable feedback.

In short, with the launch of the crypto platform World Liberty Financial scheduled for September 16, the WLFI token will be available a month later, paving the way for new prospects for investors and crypto enthusiasts.