Donald Trump and his sons have been hyping the launch of their DeFi platform, World LibertyFi, for a number of weeks now. Donald Trump is making every effort to win over as many cryptocurrency voters as he can in the weeks leading up to the election.
World Liberty Financial is prepared for an impending launch after declaring its intention to raise $300 million. They issued the request to the Aave DAO community last week, indicating that they wished to start on Aave.
In accordance with Donald Trump’s statement on X and the project, the US public auction is scheduled to begin tomorrow morning. At an FDV valuation of $1.5 billion, they had declared their intention to sell 20% of the tokens’ entire supply.
Does the industry benefit from it?
Clearly, this is a smart move on Donald Trump’s part to draw in cryptocurrency supporters three weeks prior to the election. Experts are hesitant about the consequences of this WLF launch in addition to the users who are complaining about scam tokens:
Furthermore, a large number of fake World Libertify accounts have surfaced, endangering numerous cryptocurrency wallets. Because WLF’s website and account are vulnerable to hacking, care must be taken while initially engaging with the project.
Finally, in order to facilitate on- and off-ramping in DeFi, particularly RWA, the WLF team would think about developing a stablecoin credit card.
A few weeks after its announcement, the World Liberty Financial initiative is about to be released. Elections appear to take precedence above platform and user security, as seen by this early launch. Still, it will be intriguing to observe the outcome. Tomorrow is the first response. It’s possible that the WLFI token will blow up.
