Republican presidential nominee Donald Trump is saying a token sale for his decentralized finance (DeFi) platform World Liberty Monetary (WLFI) because the election approaches.
In a brand new thread on the social media platform X, the previous president says that WLFI will hit {the marketplace} early this week, although no value was specified.
“Token Sale goes reside on Tuesday morning, October fifteenth! That is YOUR probability to assist form the way forward for finance. Be there on Monday, October 14th at 8 AM EST for an Unique Areas to be taught extra.”
In August, Trump announced the launch of his platform – on the time referred to as “The DeFiant Ones” – as a way of serving to these disenfranchised by banks.
Stated Trump on the time,
“For too lengthy, the common American has been squeezed by the massive banks and monetary elites. It’s time we take a stand – collectively.”
In its roadmap, the challenge mentioned its mission is to unfold stablecoins pegged to the US greenback and the idea of DeFi throughout the globe.
Weeks later, Trump confirmed the launch of an accompanying governance token. As acknowledged by a spokesperson for the challenge on the time,
“We’re planning to promote and in any other case distribute governance tokens referred to as WLFI sooner or later. WLFI tokens are pure governance tokens, solely offering the suitable to make proposals and vote on issues associated to the platform.”
In response to earlier studies, 63% of all WLFI can be offered to the general public whereas 17% can be allotted for rewards and 20% for group compensation
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