- World Liberty Financial has raised $15,000,000, surpassing one billion tokens sold on Election Day
- Over 18,000 people currently hold the crypto
- Trump token sales rose 800% on Election Day
U.S. President Donald Trump’s crypto platform has surpassed one billion tokens sold for its digital asset, “TrumpCoin.”
Even with the fluctuating nature of the crypto market, the project has gained attention, intertwining Trump’s brand with the growing trend of political-themed digital currencies.
Crypto experts at Kryptocasinos.com have been closely following the project and reviewing the “Gold Paper” released by World Liberty Financial (WLFI), a new crypto venture also endorsed by Trump, to offer insight into what investors can expect—and whether it’s worth investing.
The ‘Gold Paper’ is the project’s version of a ‘White Paper’ which is an informational document issued by a company to promote or highlight the features of a solution, product, or service that it plans to offer.
World Liberty Financial launched with a supply of 20 billion tokens. Election Day has seen the project surpass one billion tokens sold, equivalent to $15,000,000, which is still very short of the $300,000,000 target.
On the 4th of November 2,867,040 tokens were sold, this rose to 18,725,400 on Election Day, an increase of 800%.
Owning the $WLFI token grants investors voting rights on how the World Liberty Financial platform is run and how it will evolve. These decisions are split into two categories: protocol upgrades and signaling notes.
$WLFI token holders can create proposals for the protocol, although any proposal that violates laws or regulations can be rejected.
The tokens will be distributed as follows:
- 35% Token Sale: A significant plurality of the $WLFI tokens will be sold to eligible participants.
- 32.5% Community Growth and Incentives: This allocation is reserved for expanding participation in the governance of the WLF community and for building the WLF Protocol.
- 30% Initial Supporter Allocation: This allocation is designated for the initial supporters of the project.
- 2.5% Team and Advisors: This allocation will go to the core team, advisors, service providers, and personnel contributing to the development of the WLF Protocol.
Because the governance token is non-transferable, users cannot speculate on its price or sell it at a higher value in the future, raising questions about its value as an investment.
According to the “Gold Paper,” World Liberty Financial’s mission is to democratize access to financial opportunities while maintaining the status of the US Dollar.
The protocol aims to provide users with information and access to decentralized finance (DeFi) applications, including third-party digital wallet providers for acquiring, holding, and transferring stablecoins and other digital assets.
There is a strong emphasis on supporting US dollar stablecoins and ensuring that the dollar remains the global reserve currency.
The next section of the “Gold Paper” discusses onboarding Web 2 users into Web 3. The plan states that by utilizing the Trump brand, WLF can introduce DeFi to a broader audience that may have previously been unfamiliar with or hesitant to engage in decentralized assets and cryptocurrency.
Although the project has seemingly solid foundations, concerns have been raised about the business histories of some members of the World Liberty Financial team, which could cast doubt on the project and the mission outlined in the “Gold Paper.”
For those already involved in crypto, the platform may not be as appealing as other well-established DeFi platforms. However, it could serve as a gateway for new investors who are unfamiliar with Web 3.
WLF’s focus on user experience (UX) and user interface (UI) design aims to make navigating the WLF platform intuitive and seamless, which could help drive broader crypto adoption in the U.S.
As with all crypto projects, it’s important to do your own research and only invest money you are prepared to lose.
A spokesperson from Kryptocasinos.com commented: “One billion tokens sold is slightly underwhelming considering it was a much-anticipated project backed by one of the world’s biggest political figures, especially as he is due to be elected as the president.”
“Donald Trump’s affiliation with World Liberty Financial (WLF) signals a significant moment for crypto, intertwining politics and finance in ways that could accelerate mass adoption. Trump’s backing brings mainstream attention to digital currencies, potentially driving more institutional interest and public awareness.”
“Mass adoption of cryptocurrency depends heavily on navigating political and regulatory landscapes. If WLF and Trump’s influence can foster clear, supportive regulations that protect both investors and innovators, it could pave the way for the widespread use of digital currencies.”
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