Trump Family Launches New Crypto Venture: World Liberty Financial Opens Doors to Investors
Trump family launches World Liberty Financial crypto project, explaining token rules and who can invest. No early buy-ins, stay informed and cautious
The Trump family has stepped into the crypto world with their latest venture, World Liberty Financial (WLFI). After weeks of waiting, they finally revealed important details about how their crypto project will work during an event on X (formerly known as Twitter). This event answered big questions about who can get involved and how their new tokens will be shared.
How the Tokens Will Be Shared:
One of the founders, Zak Folkman, explained that their WLFI token will be divided into different groups. Here’s how it breaks down:
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20% of the tokens will be set aside for the founding team, which includes members of the Trump family.
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Another 17% of the tokens will be used as rewards for people who use the platform.
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The remaining 63% will be available for the public to buy.
Folkman made it clear that "there will be no presales or early buy-ins," meaning no one will get a head start on buying the tokens before others. This was a relief for many people because an earlier draft hinted that the founders would control 70% of the tokens, making people worry it might be a quick-cash scheme.
How They’re Working With the Rules:
World Liberty Financial is using a method called "Regulation D token offering" to raise money. This lets them do so without having to register with the Securities and Exchange Commission (SEC) as long as they follow certain rules. The SEC, led by Gary Gensler, has been tough on crypto projects lately, so it will be interesting to see how this one shapes up.
Trump’s Changing Views on Crypto:
Donald Trump himself joined the event, openly sharing that he wasn't always interested in crypto. He admitted, "I wasn't overly interested," but said that his kids got him into it after he saw the success of his NFT (non-fungible token) collections. “I think my children opened my eyes more than anything else,” he said. This family effort shows how the Trumps are now paying attention to this growing trend.
A Surprising Incident Before the Event:
Interestingly, just a day before this big event, there was an alleged attempt on Trump’s life while he was golfing with Steve Witkoff, who is one of the main figures in World Liberty Financial. Despite this dramatic event, both Trump and Witkoff were there at the launch to share their excitement about the new project. Witkoff explained how he got involved, saying that his son introduced him to two young crypto experts, Chase Herro and Zak Folkman, who convinced him that crypto could be the future of money.
Who’s Really Running This Project?
Although the Trump family is part of this project, they don’t actually own or manage World Liberty Financial. The people in charge are Eric Trump and Steve Witkoff, who are still new to the world of crypto. Even though they don’t have a lot of experience in this space, their involvement has certainly caught the attention of many.
How This Compares to Other Trump Projects:
World Liberty Financial has some things in common with Trump’s previous project, Trump Media & Technology Group, which launched the conservative social media platform Truth Social. Just like that venture, this new crypto project is drawing a lot of attention. But people are being cautious, wanting to see if this project will really deliver on what it promises.
Be Careful of Scammers:
The founders didn't give away too many details about what’s coming next, but they did warn people to stay updated through official channels. They also advised everyone to be on the lookout for scammers who might try to take advantage of the buzz around this project.
