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Details of the WLFI digital currency that will be launched by former US President “Donald Trump”

 

 

Donald Trump has announced the launch of a cryptocurrency called WLFI, which stands for World Liberty Financial.


The WLFI cryptocurrency will be available for sale starting tomorrow, Thursday, October 15.


This project is part of Trump’s initiative in the field of decentralized finance (DeFi), which he is leading in cooperation with his family.


The announcement comes at a time of increasing interest in cryptocurrencies, especially with the approach of the US presidential elections.

Launch and Promotional Event Details:


On October 14, an exclusive event will be held on the X platform to promote the WLFI token, featuring the project team and advisors, along with as-yet-unannounced guests.


The sale will be open to those on WLF’s whitelist.


The move comes after Trump launched the decentralized finance platform on September 17, which drew criticism for its lack of information.


The WLF project has submitted a proposal to the Aave Governance Forum to enable liquidity provision for digital assets such as Bitcoin, Ethereum, Wrapped Bitcoin (WBTC), and stablecoins.


If approved, AaveDAO will receive 7% of the WLFI supply and 20% of the protocol fees.


The project, led by former Dough Finance employees Zachary Volkman and Chase Herro, aims to raise $300 million through the WLFI sale, giving it a valuation of $1.5 billion.

Cryptocurrency Impact on the Presidential Race:


Trump’s announcement came three weeks before the presidential election, where cryptocurrencies have become a central issue.


Trump has previously pledged to appoint a Bitcoin advisory board and fire SEC Chairman Gary Gensler, who has been heavily criticized in the crypto community for the agency’s aggressive policies during his presidency.

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