World Liberty Financial (WLFI), a DeFi project backed by the Trump family, plans to limit its token sales in the U.S. to $30 million to comply with market regulations. The company, based in Puerto Rico, has $288 million worth of tokens available for sale and will market 90% of its offering in offshore markets.
WLFI has already raised around $2.7 million from fewer than 350 U.S. investors. The DeFi project aims to provide financial services for borrowing, lending, and investing in digital currencies, with its governance token, WLFI, allowing holders to participate in platform decision-making. WLFI token is not tradeable, and the project faces skepticism due to its unclear services.
This DeFi project comes as Trump campaigns for the 2024 presidential election, with some analysts suggesting his crypto-friendly stance would benefit Bitcoin’s value and the broader cryptocurrency market.
