World Liberty Financial Gains Over 100,000 Signups Ahead of Public Token Launch

• Over 100,000 signups for World Liberty Financial's token launch
• WLFI token will be an Ethereum-based ERC-20 token and serve as the governance asset of the DeFi platform
• Platform will allow users to borrow and lend crypto, create liquidity pools, and transact with stablecoins
• Open to accredited investors in the US, qualified investors in the UK, and investors outside those countries
• WLFI token sale aims to raise $300 million with a valuation of $1.5 billion
• Paxos co-founder Rich Teo joins as stablecoin and payments lead

Summary :
World Liberty Financial, a crypto project backed by Donald Trump, has reported over 100,000 signups ahead of its public token launch. The platform's head of operations, Zak Folkman, stated that the WLFI token will be an Ethereum-based ERC-20 token and will serve as the governance asset for the decentralized finance (DeFi) platform. The platform will offer borrowing and lending services, liquidity pool creation, and stablecoin transactions. The token sale will begin on October 15, with 63% of tokens being sold to the public. The project aims to raise $300 million and achieve a valuation of around $1.5 billion. The platform will initially launch as an Aave instance on the Ethereum network and plans to expand to the Ethereum layer-2 network Scroll. The project has gained support from Aave CEO Stani Kulechov and Paxos co-founder Rich Teo, who has joined as the stablecoin and payments lead. Donald Trump Jr., listed as the project's "Web3 Ambassador," praised World Liberty Financial for introducing a more equitable financial system and criticized the US banking system. The project aims to bring programmable trust to the public and revolutionize the banking sector. However, it has faced criticism as a political game.

Sources :

- CoinTelegraph
- TheBlock