Trump Supports Initial Sale of World Liberty Financial Token

The token sale of the decentralized financial protocol World Liberty Financial, supported by former U.S. President Donald Trump, will launch on Tuesday morning. Trump made this announcement on Saturday via the social media platform X, formerly known as Twitter. Trump emphasized that this initiative can be seen as an opportunity to actively shape the future of finance. Interested individuals were encouraged to participate in a virtual event called X Spaces, which will take place on Monday to introduce the token sale. The countdown on the World Liberty Financial website is already tracking the remaining time until the sale begins. The significance of this event is highlighted by a report from the analytics portal The Block. World Liberty Financial aims to generate 300 million dollars in the initial sale round, selling 20% of the available tokens at a fully diluted valuation of 1.5 billion dollars. The so-called WLFI token will function as a governance token for the platform, allowing users to vote on future developments. Unlike most cryptocurrencies, however, the token will neither be tradable nor yield-generating.