Trump sets date for World Liberty token sale ahead of presidential election – DL News

Donald Trump’s crypto company World Liberty Financial (WLF) is expected to begin selling its WLFI tokens on Tuesday, just three weeks before the US presidential election.

Announced via a post on X, WLF will leverage decentralized finance (DeFi) by offering the WLFI token as a governance tool.

This allows users to vote on the protocol’s development initiatives.

This is the first time a US presidential candidate has launched a crypto token sale, raising questions about potential conflicts of interest and the impact on campaign finance.

Skeptical responses to Trump’s X post quickly pointed to his history of unsuccessful business ventures.

The timing of the token sale, so close to the election, has sparked debate over whether the effort is intended to support Trump’s campaign or serve as a fundraising tool.

WLF, based on the Aave DeFi protocol, has pledged 7% of its WLFI tokens and 20% of future fees to Aave’s DAO.

The $1.8 billion sale is expected to raise up to $537 million if all tokens are sold, with 30% open to the public while the remaining 70% is reserved for project insiders.

Crypto market maker

• Bitcoin is up 0.1% in the last 24 hours to around $62,800.
• Ethereum was up 0.8% at $2,463.

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