The DeFi project "World Liberty Financial" supported by the Trump family confirmed that WLFI, a governance token, will be issued in the X online voice conversation today, and shared information about token distribution and public sale.

Opening speech of Trump

In this long X Spaces online activity, Trump first expressed his views on cryptocurrency in his opening speech. Trump said that his NFT plan opened his eyes to the cryptocurrency world. He earned more than 7 million dollars by selling NFT collections, which shocked him.

Cryptocurrency has a large scale, but compared to the future, it is still in its infancy... I think my children have opened my eyes

DeFi and WLFI tokens

Then, Trump's eldest son, Trump Jr., and the real estate developer Steve Witkoff and his son Zach Witkoff talked about the necessity of subverting the loan market. "This is the beginning of the financial revolution," Trump said

Subsequently, Zachary Folkman, Chase Herro, and Eric Trump, co founders of Dough Finance and project leader of World Liberty Financial, took over to further discuss the relevant information of World Liberty Financial.

Zachary Folkman confirmed that World Liberty Financial will sell a non transferable governance token called WLFI, which has no pre-sales, venture capital, or early purchases. The majority of the supply (62.66%) will be distributed in the upcoming public sale, and a portion of the net proceeds from this sale will be deposited into the multi signature wallet vault reserve of the project.

WLFI tokens will be distributed as follows: 63% will be sold to the public, 17% will be used for user rewards, and 20% will be used for team rewards.

The project team also revealed that the sales of WLFI will be regulated by the US Securities and Exchange Commission (SEC), and all buyers of WLFI must meet the US audit standards for qualified investors.