As Donald Trump’s social media venture experiences a resurgence and with the presidential election just three weeks away, he is set to launch a new cryptocurrency initiative called World Liberty Financial.
The associated token, WLFI, is scheduled for release on Tuesday, and Trump has been actively promoting it on social media. In a recent post on X, he described the project as a chance for investors to help shape the future of finance, although many potential backers might be unclear about what they are supporting.
The WLF project is being positioned as a type of crypto bank that encourages users to engage in borrowing, lending, and investing in cryptocurrencies. However, specifics about the initiative remain scarce, as no official business plan or white paper has been published.
According to a roadmap shared with prospective investors, WLF aims to raise $300 million at a valuation of $1.5 billion during its initial sale. While Trump’s media company, Trump Media & Technology Group, began trading under the ticker DJT earlier this year, the upcoming WLFI token is a separate endeavor.
With Trump’s history of involvement in controversial ventures, concerns have been raised regarding the project’s leadership and financial incentives for the founders, including Trump and his family.
Peoplesmind
