World Liberty Financial (WLF), a crypto project promoted by the Trump family, is gearing up to launch a governance token called WLFI. In a two-hour-plus X Spaces session, the team confirmed that the token will be non-transferable and sold under a Securities and Exchange Commission (SEC) Regulation D exemption.
During the session, attended by over 100,000 listeners, Zak Folkman, one of the project’s founders, explained the project’s vision. “We want it to be easy to use. People shouldn’t need a walkthrough from a friend,” he said. Folkman stressed that the token would not offer any economic rights. Instead, it’s designed solely for governance, allowing users to participate in project decisions.
The project will sell 63% of the WLFI tokens to the public, while 17% will be reserved for rewards, and the remaining 20% will go to the team. The tokens will only be available to accredited investors, as outlined by Regulation D. This rule allows firms to raise capital without having to register with the SEC, but only from specific investors.
Polymarket Crypto Contract Crashes 22% Post-Trump Debate
Though the team didn’t reveal an official launch date for the token, the excitement around its future has sparked debate on Polymarket. A contract speculating whether former President Donald Trump would launch a coin before the next election hit over 80% for “Yes” during the stream, only to drop to 22% by the end.
Donald Trump Jr. spoke about the alignment of decentralized finance (DeFi) with American ideals, saying, “It’s what our founding fathers wanted. DeFi brings fairness.” His brother Eric Trump also shared his frustrations with DeFi’s complexity, referencing his challenges with Ethereum on Aave.
Though former President Donald Trump joined the session for about 40 minutes, he kept his remarks focused on crypto’s role in public policy, not specifics about the token launch.
The crypto world remains abuzz, awaiting further developments from World Liberty Financial.
