World Liberty Monetary, a crypto mission backed by the Trump household, has whitelisted greater than 100,000 accredited US traders forward of the WLFI token presale, which begins on Tuesday.
Throughout a livestream on
The WLFI token will function the protocol’s governance token, permitting customers to take part in necessary selections associated to the platform. World Liberty Monetary goals to offer a unified platform the place customers can borrow, lend and transact with stablecoins.
The platform needs to boost $300 million and values the corporate at $1.5 billion.
On September 16, Donald Trump launched World Liberty Monetary with the purpose of disrupting conventional finance and providing decentralized finance instead.
Some analysts predicted that the World LibertyFi token would see important progress, however a Bloomberg report flagged doable considerations surrounding the mission.
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Wealthy Teo
Wealthy Teo has joined the mission as a lead for stablecoin and funds actions. His function at Paxos was not mentioned through the announcement.
Teo co-founded Paxos, a regulated blockchain infrastructure platform recognized for offering stablecoin providers and digital asset options. Earlier than Paxos, Teo labored within the monetary sector, primarily with a give attention to quantitative buying and selling at Citadel Funding Group.
The token presale will likely be accessible to accredited US traders, with further traders from the UK and different areas topic to native laws.
The presale takes place just some weeks earlier than the American presidential elections, through which Donald Trump is working because the Republican candidate. In keeping with bettors on Polymarket, Trump at present has a 53.6% probability of profitable the election.
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