Donald Trump has recently made waves in the decentralized finance (DeFi) space by raising an impressive $220 million through the sale of the WLFI token. WLFI, which stands for World Liberty Finance, is the governance token of Trump family’s World Liberty Financial project. In the current token sale, 334 million worth of tokens were sold, with 3,000 wallets subscribing and over 100,000 investors whitelisted.
The goal for the WLFI token sale was to raise $300 million, which would give the platform a valuation of $1.5 billion. Although the $220 million raised falls short of this goal, it still represents a significant step toward achieving a fair enough valuation.
If we assume a proportional valuation based on the amount raised, $220 million could translate to a valuation of approximately $1.1 billion, given that $300 million was set to achieve the $1.5 billion target. Till date the project has managed to sell around 850 million tokens.
About World Liberty Financial (WLFI)
World Liberty Financial (WLFI) is a new DeFi ecosystem backed by investor-billionaire and former President Donald Trump. It is built to create a DeFi ecosystem that allows investors to perform all the necessary operations like lend, borrow, stake and swap.
The WLFI token also acts as the governance token and plays a key role within this ecosystem, allowing token holders to vote on crucial platform decisions and governance proposals.
The platform has already generated a buzz in the decentralized finance sector, due to its controversies, and Trump’s celebrity status.
WLFI Misses Target Valuation
While the initial target of $300 million is yet to be met, the $220 million raised marks a significant achievement for Trump and World Liberty Finance. A reason for this seems to be the reason that currently WLFI tokens are only limited to “accredited investors” in the USA due to local laws, severely limiting its reach.
Only 24 million out of 165 million investors in the USA qualify as accredited investors.
We expect World Liberty Financial to cross $1 billion market cap after its CEX listings because of good markets as well as good traction. Just on its launch date, the website saw 70 million visitors, which caused it to crash an hour prior to launch.
Currently, you can only buy the token from the World Liberty Financial website using any ERC-20 wallet.
Disclaimer: Sections of this news has been generated with the help of LLM models. We urge users to do their own research before investing in any asset mentioned in our platform.
How to Buy World Liberty Financial Tokens?
Investors inside the US need to be accredited investors to be able to buy the tokens while investors outside the US can just proceed to the WLFI website and swap ETH, USDT, USDC or WETH to buy the token.
- Proceed to World Liberty Financial token sale page.
- Connect your ERC-20 wallet such as MetaMask, Trust Wallet, Coinbase wallet, or any other wallet.
- You must have ETH, USDC, USDT or WETH on Ethereum to be able to buy WLFI.
- To buy, enter the WLFI tokens that you wish to buy and finish the transaction.
Beware of Fake Tokens
In the duration of our investigation on WLFI token, we have seen multiple duplicate projects claiming to be World Liberty Financial. Please beware that tokens like WLFI.site and WLFI.club, launched on Solana are fake coins and in no way are related to Donald Trump’s project.
