Crypto Project World Liberty Financial, Promoted by Trump Family, Confirms Plan for Token

During a highly anticipated two-hour Spaces session on X, officials and advisors from World Liberty Financial announced the upcoming launch of their non-transferable governance token, WLFI. This token will be available exclusively to accredited investors under an SEC Regulation D exemption, addressing the regulatory uncertainty in the U.S.

World Liberty Financial, a crypto project endorsed by the Trump family, aims to provide a governance token that emphasizes participation rather than economic returns. During the session, the team clarified that WLFI will not grant any economic rights, focusing instead on creating a governance platform for token holders.

Of the total supply, 63% will be available to the public, 17% reserved for user rewards, and 20% allocated to the team. These details were highlighted in a draft white paper referenced by Pinetbox last week.

Zak Folkman, one of the project’s founders, expressed the team’s goal to simplify user experiences in crypto, saying, “Our aim is to build projects that are easy to use and where you don’t need to phone a friend to get a walkthrough.” However, no specific launch date for WLFI was announced during the session, which attracted over 100,000 listeners.

Polymarket Speculations

Amid the discussion, a Polymarket contract gauging whether Trump would launch a coin before the election showed fluctuating interest, peaking at over 80% for a “yes” vote during the live stream but dropping to as low as 22% by its conclusion. Various members of the Trump family participated in the session, sharing their perspectives on cryptocurrency.

Donald Trump Jr. characterized decentralized finance (DeFi) as embodying the ideals of the founding fathers, asserting it restores fairness to the financial system. He noted the shifting opinions of venture capitalists toward crypto, highlighting endorsements from figures like David Sacks and Elon Musk.

Eric Trump emphasized the need for DeFi platforms to be more user-friendly, recounting his own challenges while using decentralized lending services like Aave.

Former President Donald Trump joined the session for the first 40 minutes but did not delve into the specifics of the WLFI project. Instead, he discussed broader public policy issues surrounding crypto, stating, “Crypto’s one of those things we have to do, whether we like it or not.”

While there were Polymarket contracts predicting what topics Trump would address during the stream, including “Solana” and “Doge,” he mentioned “crypto” multiple times and referred to “NFTs” once, but did not discuss any specific cryptocurrencies.