Donald Trump is jumping into the crypto world with a token sale for his decentralized finance platform, World Liberty Financial (WLFI). The former president announced on X (formerly Twitter) that the token sale goes live on Tuesday, October 15th.
Trump’s Crypto Ambitions
Trump launched WLFI in August, aiming to offer an alternative to traditional banks for those who feel “squeezed” by the financial system. The platform’s mission is to spread the use of stablecoins (cryptocurrencies pegged to the US dollar) and decentralized finance (DeFi) globally.
WLFI Token Details
The WLFI token will give holders the power to propose and vote on platform decisions. According to reports, 63% of the tokens will be sold to the public, while 17% will be used for rewards and 20% for the team.
The Election Connection
Trump’s token sale announcement comes as the November election draws closer. While it’s unclear how this move will impact the election, it certainly adds another layer to his already unconventional political strategy.
Disclaimer: This information is for general knowledge and should not be considered investment advice. Always do your own research before investing in cryptocurrencies.
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