{"id":139378,"date":"2024-10-11T14:00:14","date_gmt":"2024-10-11T11:00:14","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139378"},"modified":"2024-10-11T10:52:20","modified_gmt":"2024-10-11T07:52:20","slug":"trump-backed-defi-project-aims-to-raise-300m-in-first-token-sale","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/trump-backed-defi-project-aims-to-raise-300m-in-first-token-sale\/","title":{"rendered":"Trump-Backed DeFi Project Aims to Raise $300M in First Token Sale"},"content":{"rendered":"<p>The project aims to raise $300 million by offering 20% of its WLFI tokens, which would value the platform at $1.5 billion once fully diluted. The tokens will remain non-transferable for the first 12 months, even if community members vote otherwise.<\/p>\n<p>The project\u2019s roadmap indicates that an additional 63% of tokens will be made available in future public sales, while 17% is set aside for user rewards. The remaining 20% will go to the project\u2019s team. WLFI holders will have voting rights from the start, even though the tokens will initially be locked.<\/p>\n<p>Trump, now serving as the Chief Crypto Advocate for World Liberty Finance, has fully embraced digital assets, despite his previous skepticism. The project\u2019s founders, including Steve and Zach Witkoff, aim to build a platform that drives broader adoption of digital assets. Notable figures like Luke Pearson of Polychain Capital and Corey Caplan of Dolomite are also involved in the initiative.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/nearly-half-of-hedge-funds-embrace-crypto-amid-regulatory-clarity\/\" title=\"Nearly Half of Hedge Funds Embrace Crypto Amid Regulatory Clarity\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/06\/trading-investing-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Nearly Half of Hedge Funds Embrace Crypto Amid Regulatory Clarity<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The platform will launch on Aave\u2019s DeFi lending protocol, allowing users to borrow and lend assets like Bitcoin and Ether. Aave\u2019s governance is reviewing a proposal to allocate 7% of WLFI tokens for voting and liquidity, with 20% of the project\u2019s fee revenue going to the Aave DAO.<\/p>\n<p>Trump\u2019s recent shift in crypto stance is noteworthy. Once a vocal critic, he now champions digital assets as part of his presidential campaign and has begun accepting cryptocurrency donations, further illustrating his newfound support.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>World Liberty Finance, a new decentralized finance (DeFi) venture linked to Donald Trump and his sons, is preparing to launch its first token sale next week.<\/p>\n","protected":false},"author":7,"featured_media":29048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22,24],"tags":[],"class_list":["post-139378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump-Backed DeFi Project Aims to 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