search
Homeweb3.0Trump Family's World Liberty Financial Plans Major Token Sale Ahead of 2024 Election
Trump Family's World Liberty Financial Plans Major Token Sale Ahead of 2024 ElectionSep 11, 2024 am 03:21 AM
Donald Trump token sale World Liberty Financial $540m

The cryptocurrency project could pose significant issues if he returns to the White House, with concerns being raised about potential conflicts of interest.

Trump Family's World Liberty Financial Plans Major Token Sale Ahead of 2024 Election

The Trump family’s World Liberty Financial digital asset project is planning a major token sale ahead of the 2024 presidential election, a move that could potentially raise several hundred millions.

What Happened: DL News reported on Tuesday that the project aims to sell 30% of its WFLI tokens. At the current market price, the sale is valued at $1.8 billion. If successful, this could generate $537 million.

The white paper clarifies that while the platform is not owned or managed by Trump, he and his family might still receive compensation.

The allocation of 70% of tokens to insiders has sparked debate among cryptocurrency enthusiasts.

Onchain analysts have noted the project’s ties to Dough Finance, a previous DeFi protocol that suffered a $2.1 million hack in July.

Also Read: FTX Moves To Settle $600M Robinhood Shares Dispute With $14M Payment Amid Bankruptcy Proceedings

The Trump Organization and Donald Trump did not immediately respond to Benzinga’s request for comment.

Why It Matters: The timing of this token sale is noteworthy, given Donald Trump’s ongoing presidential campaign.

The cryptocurrency project could pose significant issues if he returns to the White House, with concerns being raised about potential conflicts of interest.

Trump has promised to transform the U.S. into the "crypto capital of the world."

Despite the grand announcement, many have questioned the feasibility and follow-through of such promises. The upcoming token sale by World Liberty Financial adds another layer of complexity to Trump's ambitious crypto-related plans.

The above is the detailed content of Trump Family's World Liberty Financial Plans Major Token Sale Ahead of 2024 Election. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Trump Unveils Exclusive ‘Bitcoin Sneakers’Trump Unveils Exclusive ‘Bitcoin Sneakers’Aug 02, 2024 am 12:19 AM

The support for Bitcoin (BTC) and the industry from former president Donald Trump has been evident in previous declarations and the most recent speech he gave at the 2024 Bitcoin Conference held in Nashville over the weekend. Now, Trump has launched

Bitcoin Conference 2024: Donald Trump Raises $25M, Cynthia Lummis Advocates For Bitcoin ReserveBitcoin Conference 2024: Donald Trump Raises $25M, Cynthia Lummis Advocates For Bitcoin ReserveJul 31, 2024 pm 09:29 PM

This past weekend, the much-anticipated 2024 Bitcoin Conference took place in Nashville, Tennessee, and it turned out to be a huge success for former President Donald Trump's aspirations for possible re-election in the upcoming November elections.

Donald Trump Pledges to Establish the United States as a Global Bitcoin SuperpowerDonald Trump Pledges to Establish the United States as a Global Bitcoin SuperpowerJul 28, 2024 am 09:08 AM

Announced as a speaker at the Bitcoin 2024 conference in Nashville, Tennessee, from July 25-27, Trump's commitment aligns with his broader vision

Donald Trump Unveils Plan to Make the US a Crypto Mining PowerhouseDonald Trump Unveils Plan to Make the US a Crypto Mining PowerhouseJul 28, 2024 am 09:21 AM

Former president Donald Trump outlined a plan to turbocharge crypto growth and make the US a crypto mining powerhouse in his keynote address to the 2024 Nashville Bitcoin

Trump Vows to Make US the 'Crypto Capital' of the World if Reelected, Accept Donations in BitcoinTrump Vows to Make US the 'Crypto Capital' of the World if Reelected, Accept Donations in BitcoinJul 28, 2024 pm 12:08 PM

ISTANBUL: US Republican presidential candidate Donald Trump laid out his plan Saturday to ensure that the US will be the crypto capital of the planet and the Bitcoin superpower of the world.

Donald Trump and Kamala Harris Set Their Bitcoin Goals as the US Presidential Election NearsDonald Trump and Kamala Harris Set Their Bitcoin Goals as the US Presidential Election NearsSep 06, 2024 am 06:20 AM

As the US Presidential election is fast approaching, the top candidates Donald Trump and Kamala Harris are making their position about Bitcoin known.

Donald Trump’s Family-Owned Crypto Project, World Liberty Financial, Raises More Questions Than ExcitementDonald Trump’s Family-Owned Crypto Project, World Liberty Financial, Raises More Questions Than ExcitementSep 19, 2024 am 12:29 AM

Billed as a groundbreaking decentralized finance (DeFi) project, WLF’s recent launch not only failed to meet expectations but also left many questions

Trump Family's World Liberty Financial Plans Major Token Sale Ahead of 2024 ElectionTrump Family's World Liberty Financial Plans Major Token Sale Ahead of 2024 ElectionSep 11, 2024 am 03:21 AM

The cryptocurrency project could pose significant issues if he returns to the White House, with concerns being raised about potential conflicts of interest.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
2 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
Repo: How To Revive Teammates
1 months agoBy尊渡假赌尊渡假赌尊渡假赌
Hello Kitty Island Adventure: How To Get Giant Seeds
4 weeks agoBy尊渡假赌尊渡假赌尊渡假赌

Hot Tools

Safe Exam Browser

Safe Exam Browser

Safe Exam Browser is a secure browser environment for taking online exams securely. This software turns any computer into a secure workstation. It controls access to any utility and prevents students from using unauthorized resources.

SublimeText3 Linux new version

SublimeText3 Linux new version

SublimeText3 Linux latest version

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)