Outside Source
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 live stream on X, the team behind WLFI provided updates, including the fact that the project has whitelisted over 100,000 investors.
The WLFI token will serve as the protocol’s governance token, allowing users to participate in key decisions regarding the platform. World Liberty Financial aims to offer a unified platform where users can lend, borrow, and transact with stablecoins.
The platform aims to raise $300 million, valuing the venture at $1.5 billion.
On Sept. 16, Donald Trump launched World Liberty Financial with the goal of disrupting traditional finance and offering decentralized finance as an alternative.
Some analysts predicted the World LibertyFi token would see significant growth, but a Bloomberg report flagged potential concerns surrounding the project.
Rich Teo
Rich Teo has joined the project as the lead for stablecoin and payment operations. His role with Paxos was not discussed during the announcement.
Teo co-founded Paxos, a regulated blockchain infrastructure platform known for providing stablecoin services and digital asset solutions. Before Paxos, Teo worked in finance, primarily with a focus on quantitative trading at Citadel Investment Group.
The token presale will be available to accredited U.S. investors, with additional investors from the UK and other regions adhering to local regulations.
The presale comes just weeks before the U.S. presidential election, in which Donald Trump is running as the Republican candidate. Trump currently has a 53.6% chance of winning the election according to Polymarket bettors.
This article first appeared at crypto.news
