Key Points:
- Donald Trump’s crypto project, World Liberty Financial, announced over 15,000 holders of its WLFI token, with around $14 million in sales.
- The WLFI token is non-transferable and offers no economic rights, serving solely as a governance token for platform proposals.
Donald Trump’s cryptocurrency project, World Liberty Financial, said in a post on X that more than 15,000 people now own WLFI tokens.
Read more: World Liberty Financial’s Token Launch Faces Major Issues
World Liberty Financial Reaches Over 15,000 Token Holders
The project, which only launched the WLFI token last week, has drawn considerable interest as the November U.S. presidential election approaches.
Per the official website for World Liberty Financial, about 93,309 WLFI tokens have been sold during public sales, while 19.067 billion WLFI tokens remain unsold at present. Considering that these tokens are selling at $0.015 each, the current overall sales figure stands at roughly $14 million. The WLFI token lies at the heart of plans by the project to raise $300 million via an initial sale at a proposed valuation of $1.5 billion.
Initially branded as “The DeFiant Ones,” a nod to decentralized finance, or DeFi, the crypto project by Trump has changed focus to build out a community governance aspect through the WLFI token.
However, unlike typical governance tokens such as UNI or MKR, WLFI offers no economic rights, and the token is not transferable. What this means is that one cannot trade the token after purchase—at least for now. Some changes might be effected with governance proposals in the future, but the non-tradability of the token would likely remain in place for quite some time.
World Liberty Financial Maintains Political Neutrality
Despite the high-profile promotion by Trump, World Liberty Financial claims it is non-political and not aligned with his re-election campaign. With the presidential election drawing near, and this race between Trump and Vice President Kamala Harris becoming extremely close, the crypto project takes a life of its own.
With the forthcoming election and fresh interest in everything decentralised, Trump’s foray into cryptocurrency is sure to gain even more traction, though the team behind World Liberty Financial maintains the token’s neutrality.
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Source: Coincu
