World Liberty Financial, the Trump Crypto Project, Announces Token Sale Date

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It’s finally here: Former President Donald Trump’s decentralized finance project will launch its token sale next week.

In a Friday post on Twitter (aka X), World Liberty Financial
announced
that the public sale of tokens will start on Tuesday, October 15.
The sale will be open to those who qualified through the whitelist.

Prospective clients were able to apply for the whitelist starting in September. For now, World Liberty Financial is only open in the U.S. to accredited investors—that is, according to the SEC, those with a net worth of at least $1 million, either individually or with a partner (and excluding value of primary residence).

🦅🇺🇸 Big news! @WorldLibertyFi public sale starts Oct. 15th, open to everyone who qualifies through the whitelist. Join us for a Twitter Spaces on Oct. 14th at 8 AM EST to learn more. Stay tuned for updates!
— WLFI (@worldlibertyfi) October 11, 2024

Accredited investors also have to have annual income of at least $200,000—or $300,000 with a spouse or partner—for two years, the U.S. regulator says, with the expectation that the salary trend will continue in the current year.
The project did say it hoped to eventually be open to all Americans.

World Liberty Financial is an
Ethereum
-based decentralized finance (DeFi) project first
announced
by Donald Trump’s son, Eric, Back in August.

The project will provide borrowing and lending crypto services, the team behind the project said in an exclusive interview with
Decrypt
’s
sister company, Rug Radio, last month.

On Thursday, the project posted a blog
explaining
that it “aims to become the one-stop-shop for DeFi across the globe.” DeFi is the
convoluted and experimental sphere
in the crypto industry that wants to replace traditional financial services by using blockchain technology.

A prime example of an established DeFi project is
Uniswap
, a decentralized exchange that anyone can use to swap digital coins and tokens. Many DeFi projects are considered risky, however, and hacks in the space aren’t uncommon.

Republican candidate Donald Trump has
come out
explicitly as a crypto-friendly candidate ahead of the U.S. presidential election in November.

Formerly against the space, Trump used to
say
that he was “not a fan” of Bitcoin and cryptocurrencies. But he has since dived into the world of NFT collectibles, and even said that he wants all remaining Bitcoin to be mined on American soil.

He has further said that World Liberty Financial will “help make America the crypto capital of the world.”

Edited by Andrew Hayward

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Conclusion:

As we embark on this exciting journey with World Liberty Financial and their upcoming token sale, it’s clear that the world of decentralized finance is rapidly evolving. With the backing of former President Donald Trump and his vision to make America the crypto capital of the world, we are witnessing a significant shift in the landscape of traditional financial services.

The launch of this Ethereum-based DeFi project marks a new chapter in the crypto industry, providing innovative borrowing and lending services to users globally. While DeFi presents opportunities for financial inclusion and innovation, it also comes with risks and challenges that must be carefully navigated.

With the public sale just around the corner and the promise of democratizing access to DeFi, it will be interesting to see how World Liberty Financial shapes the future of decentralized finance. Stay tuned for updates and join us in exploring the possibilities that lie ahead in the world of crypto and blockchain technology.

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