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World Liberty Financial, a project backed by the Trump family, has made headlines by whitelisting over 100,000 accredited US investors in preparation for its WLFI token launch scheduled for Tuesday.

This strategic move is timed just three weeks before the 2024 US presidential election, amplifying interest in the project due to the involvement of Donald Trump, who is running for re-election as the Republican candidate.

Trump is positioned as the “chief crypto advocate” for World Liberty Financial, with his sons, Eric and Donald Trump Jr., serving as “web3 ambassadors.”

The WLFI token will function as the governance token for the platform, allowing accredited investors in the US to participate in the presale, which begins Tuesday morning.

To qualify as an accredited investor, individuals must meet specific income and net worth thresholds, such as earning $200,000 annually or possessing over $1 million in total assets.

The project aims to raise $300 million from the token sale, valuing the company at $1.5 billion.

Non-US investors are also expressing interest, but they must comply with local regulations to be whitelisted.

According to project founders Zachary Folkman and Chase Herro, World Liberty Financial is dedicated to maintaining compliance with all relevant US laws to ensure legitimacy and navigate potential regulatory challenges.

The token launch has attracted notable figures from the crypto community, including Aave founder Stani Kulechov and Polychain Capital’s senior research cryptographer Luke Pearson, who participated in an X Spaces discussion on Monday.

Donald Trump, known for previously launching his NFTs and holding ether (ETH) in a public wallet, is emerging as a significant advocate for the US crypto industry.

If re-elected, he promises to transform the US into a global hub for Bitcoin and blockchain technology, making his involvement in World Liberty Financial a natural extension of his ambitions to promote digital assets internationally.

The WLFI token will enable users to borrow and lend cryptocurrencies, create liquidity pools, and transact with stablecoins on the platform.

Folkman and Herro emphasize that World Liberty Financial will operate as a unified DeFi platform, merging lending, borrowing, and liquidity services into a user-friendly ecosystem.

Importantly, all governance decisions will comply with US regulations, ensuring users’ actions remain legally sound.

Eric and Donald Trump Jr. are pivotal figures in World Liberty Financial, both serving as “web3 ambassadors.”

Their involvement adds a layer of political intrigue, especially given their father’s presidential campaign and his stance on cryptocurrency.

Meanwhile, Barron Trump holds the title of “DeFi visionary,” underscoring the family’s deepening involvement in blockchain and decentralized finance (DeFi) innovations.

World Liberty Financial’s goals align closely with Trump’s vision for an American resurgence in the cryptocurrency sector.

Traders are already assessing how a Trump victory might impact the crypto landscape, with many viewing it as a bullish indicator due to his crypto-friendly policies, in stark contrast to his Democratic opponent, Kamala Harris, who is perceived as more cautious regarding digital assets.

The WLFI token presale comes at a critical juncture for the cryptocurrency market, which has been marked by significant volatility.

Despite this, market sentiment remains optimistic, especially with increased institutional interest in Bitcoin ETFs and blockchain projects.

World Liberty Financial’s ambitious $1.5 billion valuation signals growing confidence in decentralized platforms’ potential to revolutionize traditional financial systems.

Folkman and Herro plan for the platform to serve as a comprehensive space for crypto enthusiasts, offering borrowing, lending, and liquidity creation opportunities, all governed by the WLFI token.

The platform’s governance structure will empower users to vote on protocol changes, ensuring they have a direct say in its evolution.

Source: PolyMarket

As the presale launch approaches, political analysts and traders are closely monitoring Trump’s chances in the upcoming election.

According to Polymarket, Trump holds a slight edge over Harris, with a 53.8% chance of winning compared to her 45.6% odds.

A Trump victory is expected to bolster confidence in crypto markets, as investors anticipate more favorable regulations and policies.

Conversely, a Harris win could temper enthusiasm for digital assets, given her more conservative stance on the future of cryptocurrencies in the US.

Regardless of the election outcome, World Liberty Financial’s launch signifies growing momentum in the DeFi space and highlights the increasing influence of cryptocurrencies in financial markets and political discourse.

The post Trump-backed World Liberty Financial whitelists 100,000 investors ahead of WLFI token launch appeared first on Invezz

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