Trump’s World Liberty Financial DeFi Project Raising $300 Million With A $1.5 Billion Valuation

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Trump's WLFI plan to build World Liberty Finance on Aave DeFi Layer-2 network, Scroll, giving 7% of the token supply to Aave in the deal.

According to a roadmap shared with prospective investors, the Trump family’s DeFi project, World Liberty Financial (WLFI), will begin its token sale next week.

The roadmap in question claims that the initial sale for the WLFI token is seeking funding to the tune of $300 million. 20% of the token supply will be sold off, and the market cap at launch is estimated at around $1.5 billion (fully diluted valuation).

Announced Tokenomics For WLFI Suggest Further Token Sales To Come

With only 20% marked for sale in the first stage, this strongly suggests that more token sales could come later. In an X Spaces last month, it was stated that 63% of the WLFI token supply would be sold to the public, 17% would go toward user rewards, and the last 20% would be allocated to the team.

The roadmap clarifies that WLFI will be used as a governance token. This means that it will be used to vote on decisions regarding the future development of the WLFI platform. An important piece of information is that these tokens will be non-transferable for the first 12 months.

World Liberty Financial Planning To Build A Borrowing And Lending Platform On Scroll Layer-2 Network, Similar to Aave

Over the past 24-hours, World Liberty Financial has announced its governance proposal to launch a version of DeFi lending platform Aave but on the Ethereum Layer-2 network, Scroll

Like Aave, the goal is to enable users to lend and borrow tokens. The proposal lists Bitcoin, Ethereum and Stablecoins (USDT & USDC) as initial offerings.

If the proposal is successful, the World Liberty Financial project will give 7% of its token supply to the Aave DAO. At the current valuation, this would equate to $105 million. The 7% supply given to the Aave DAO would be used for voting with and providing liquidity.

It is slated that 20% of fees generated by its platform would also be offered to Aave as part of the deal.

DISCOVER: Zoomer Meme Coins Are HOT Right Now: These Are The 3 Best Picks For Big Returns

Future Plans For Trump’s WLFI Project Include Crypto Credit Cards And Fractionalised Real-World Assets

The second phase is to integrate with centralized exchanges, allowing users on-ramp and off-ramp while following strict know-your-customer protocols.

World Liberty Financial has spoken about its goal of creating a stablecoin-based credit card that would allow users to spend their digital assets in the real world.

The third and final phase of the project is to fractionalize real-world assets and obtain regulatory licenses for doing so. Examples given include hotels and sports clubs, both business models very familiar to Donald Trump.

In conjunction with the Trump family, World Liberty Financial is being spearheaded by Steve and Zach Witkoff, Zak Folkman and Chase Herro. The project’s mission statement is to drive mass adoption of digital assets through a compliant one-stop platform for alternative finance.

As for the Trump’s official roles within the project, the WLFI website names Donald Trump as Chief Crypto Advocate and his three sons as Web3 Ambassadors. Other notable members of the team are Polychain Capital General Partner Luke Pearson as Head of Platform. Dolomite co-founder Corey Caplan is also listed as Head of Technical Strategy.

You can still join the whitelist here, available to accredited investors within the US and non-US residents.

BONUS: MemeBet ($MEMEBET) Closes In On $500,000 In Presale Funding

 

The MemeBet ($MEMEBET) token presale is heating up. The team is raising funds to build the world’s first crypto meme coin casino. Investors are keen on the presale, having raised over $420,000 so far. It is quickly moving toward half a million dollars, which will mark a significant milestone in its journey to becoming a leading GambleFi project.

One thing setting MemeBet Casino apart from other crypto casinos, such as Rollbit, is its focus on meme coins. Users can wager their meme coins such as Dogecoin, Shiba Inu, Pepe, etc. This will open MemeBetup to the $50 billion worth of liquidity inside the meme coin space.

The MemeBet team runs a huge airdrop campaign alongside the presale, with over 400 million MEMEBET tokens set aside. Simply buy MEMEBET during the presale and use the tokens to wager on the casino. The more you wager, the bigger your airdrop bag will be.

The presale price is currently $0.0257 per 1 MEMEBET token. However, there are less than 24 hours remaining before the next price stage increases.

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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Alex

Alex is an aspiring writer focusing on the more degen side of the crypto world. Always on the lookout for the next hot narrative. Read More

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