{"id":577456,"date":"2024-09-17T10:19:17","date_gmt":"2024-09-17T10:19:17","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=577456"},"modified":"2024-09-17T10:19:17","modified_gmt":"2024-09-17T10:19:17","slug":"donald-trump-and-family-unveil-world-liberty-financial-defi-platform-and-wlfi-governance-token","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/donald-trump-and-family-unveil-world-liberty-financial-defi-platform-and-wlfi-governance-token","title":{"rendered":"Donald Trump And Family Unveil World Liberty Financial DeFi Platform And WLFI Governance Token"},"content":{"rendered":"<p>Donald Trump and his family unveiled their World Liberty Financial crypto project, including the governance token WLFI.<\/p>\n<p><span style=\"font-weight: 400;\">The highly anticipated project was announced yesterday evening at Trump&rsquo;s Mar-A-Lago resort via a two-hour livestream on X.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In an earlier video to promote the project, Trump had <a href=\"https:\/\/www.theblock.co\/post\/316284\/donald-trump-announces-launch-date-of-world-liberty-financial-were-embracing-the-future-with-crypto\">said<\/a>, &ldquo;We&rsquo;re embracing the future with crypto and leaving the slow and outdated big banks behind.&rdquo;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"und\" dir=\"ltr\">.<a href=\"https:\/\/twitter.com\/worldlibertyfi?ref_src=twsrc%5Etfw\">@WorldLibertyFi<\/a> <a href=\"https:\/\/t.co\/rHEGQXl4jL\">pic.twitter.com\/rHEGQXl4jL<\/a><\/p>\n<p>&mdash; Donald J. Trump (@realDonaldTrump) <a href=\"https:\/\/twitter.com\/realDonaldTrump\/status\/1834311432982135015?ref_src=twsrc%5Etfw\">September 12, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>During remarks on Sept. 16, Trump added that crypto is &ldquo;big and yet it&rsquo;s a fledgling compared to what it will be&hellip;my children opened my eyes.&rdquo;<\/p>\n<h2>Donald Trump Family Crypto Project Is A DeFi Platform<\/h2>\n<p><span style=\"font-weight: 400;\">Trump&rsquo;s team confirmed that <a href=\"https:\/\/insidebitcoins.com\/news\/donald-trump-says-familys-world-liberty-financial-crypto-project-will-launch-on-sept-16\">World Liberty Financial<\/a> is a DeFi platform where users can borrow, lend, and earn interest using cryptocurrencies. As a result, it operates outside the confines of traditional finance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Its WLFI token will be non-transferable and will not provide any economic rights. The team added that it wants buyers willing to take governance roles, not those seeking financial returns. &nbsp;The token will be non-transferable and non-yield bearing.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Based on its tokenomics, 63% of WLFI&rsquo;s tokens will be sold to the public, 17% for user rewards, and 20% for team compensation.&nbsp;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Looks like Trump's finally jumping into crypto with World Liberty Financial on Ethereum <\/p>\n<p>&#128204; No VC pre-sale &ndash; 63% straight to public<br>&#128204; 17% for user rewards <br>&#128204; 20% team allocation <br>&#128204; SEC-regulated sale<br>&#128204; DeFi lending on ETH (bullish?)<\/p>\n<p>This could be YUUUGE for <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#crypto<\/a> adoption <a href=\"https:\/\/t.co\/SIzdxDh5Mg\">pic.twitter.com\/SIzdxDh5Mg<\/a><\/p>\n<p>&mdash; Budhil Vyas (@BudhilVyas) <a href=\"https:\/\/twitter.com\/BudhilVyas\/status\/1835928826355781935?ref_src=twsrc%5Etfw\">September 17, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The project&rsquo;s whitepaper reportedly says the platform will be built on top of <a href=\"https:\/\/insidebitcoins.com\/news\/aave-aave-price-analysis-for-today-september-11-aave-technical-analysis\">Aave<\/a> and the Ethereum blockchain, and will center around a &ldquo;credit account system.&rdquo;<\/p>\n<h2>A Push To Protect The Dollar&rsquo;s Dominance Through Fiat-Backed Stablecoins<\/h2>\n<p>The Trump family has said it aims to bolster the global dominance of the US dollar, which it believes is &ldquo;under attack,&rdquo; through the World Liberty Financial platform.<\/p>\n<p>&ldquo;By spreading U.S.-pegged stablecoins around the world, we ensure that the U.S. dollar&rsquo;s dominance continues, securing America&rsquo;s financial leadership and influence on the global stage,&rdquo; 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The highly anticipated project was announced yesterday evening <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1999,"featured_media":365096,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[7596],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v22.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Donald Trump And Family Unveil World Liberty Financial DeFi Platform And WLFI Governance Token - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Donald Trump and his family unveiled their World Liberty Financial crypto project, including the governance token WLFI. 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