World Liberty Financial (WLFI), a decentralised finance (DeFi) project endorsed by Donald Trump, is extending its token presale to meet overwhelming demand.
An additional 5% of the total token supply has been added to the sale, following the success of its initial round.
This extension coincides with Donald Trump’s inauguration, just hours away, which has further boosted interest in the project.
With investors taking advantage of the moment, this guide explains what World Liberty Financial is, provides updates on the token sale, and outlines a step-by-step process for buying WLFI tokens.
What is World Liberty Financial?
World Liberty Financial is a DeFi project aimed at supporting the U.S. dollar’s dominance in global finance.
Backed by Donald Trump and his family, including Eric Trump, Donald Trump Jr., and Barron Trump, the project’s mission is to drive the adoption of stablecoins and decentralised financial solutions.
The platform plans to launch as a borrowing and lending marketplace, using Aave’s infrastructure to offer these services. Revenue generated will be shared with the Aave DAO, while World Liberty Financial focuses on its broader mission.
Although the Trump family is not directly involved in the project’s management, they act as advisors and hold a significant allocation of WLFI tokens.
The WLFI token is a governance tool, that allows holders to vote on proposals for the platform’s development.
However, it is non-transferable and does not offer economic benefits, which sets it apart from most DeFi governance tokens. This feature emphasises its role in governance rather than speculative trading.
WLFI Token Presale Update
The initial WLFI presale launched on 15 October 2024, offering 20 billion tokens, which is 20% of the total supply, at $0.015 per token. The sale successfully raised $300 million despite restrictions that limited participation to non-U.S. citizens and accredited U.S. investors.
Recently, the project announced an extension, adding 5 billion tokens (5% of the total supply) to the presale at $0.05 each, representing a 230% price increase. This additional round aims to raise $250 million, bringing the total raised closer to the project’s funding goals.
This new phase has been timed strategically, leveraging the attention generated by Trump’s upcoming inauguration. With strong demand and heightened investor interest, the project is positioning itself as a unique offering in the DeFi space.
The token distribution for WLFI is as follows:
- 35% for token sales
- 32.5% for community growth and incentives
- 30% for early supporters
- 2.5% for team advisors
Prominent crypto figures, including Tron founder Justin Sun, have shown significant interest in the project. Sun has invested $75 million in WLFI, underscoring the momentum behind this initiative.
How to Buy WLFI Tokens
If you’re interested in purchasing WLFI tokens, follow these steps:
- Complete the KYC Process
The first step is completing the Know Your Customer (KYC) verification on the World Liberty Financial platform. This involves submitting your national ID and undergoing facial recognition. Without passing this step, you cannot proceed further. - Set Up a Web3 Wallet
Use a Web3-compatible wallet, such as MetaMask, to connect to the WLFI platform. Ensure your wallet supports Ethereum-based tokens and has enough funds to make the purchase. - Select a Payment Token
Choose your preferred payment method from the supported options: ETH, USDC, or USDT. Confirm that your wallet has a sufficient balance of the selected token to complete the transaction. - Enter the Purchase Amount
Specify the amount of WLFI tokens you wish to buy, ensuring it is within your budget and meets the platform’s purchase limits. - Agree to Terms and Conditions
Carefully review the terms and conditions of the token sale. Once you understand and agree, tick the box to proceed. - Approve ERC-20 Tokens if Needed
If using USDC or USDT, you may need to approve these tokens on the platform. This step authorises the platform to access the tokens in your wallet for the transaction. - Complete the Transaction
Click the “Buy Now” button to finalise your purchase. Your wallet will prompt you to confirm the transaction. Double-check all details before proceeding, as the transaction is irreversible. - Wait for Confirmation
Once the transaction is confirmed, you will receive a notification. Your WLFI tokens will appear in your wallet but remember that they cannot be transferred, sold, or traded.
Conclusion
World Liberty Financial is carving out a distinctive role in the DeFi sector, blending governance-focused tokens with high-profile endorsements.
The extension of the WLFI presale highlights the strong demand for this project, with investors capitalising on the buzz around Donald Trump’s inauguration.
While WLFI tokens are non-transferable and lack economic benefits, they provide governance rights, enabling holders to shape the platform’s future.
For those interested in participating, completing the KYC process and following the steps outlined above will ensure a smooth purchase experience.
As World Liberty Financial continues to evolve, its impact on decentralised finance and the broader financial landscape will be worth watching closely.