Donald $TRUMP 's World Liberty Financial (WLFI) token is targeting a $1.5 billion market cap, aiming to raise $300 million through token sales. Here's a quick rundown:
- Token Sale: 20% of WLFI tokens will be sold, with over 85,000 participants already raising $550 million, exceeding the initial goal.
- Platform Goals: Create a DeFi platform for borrowing, lending, and investing, leveraging Aave V3 technology and integrating with centralized exchanges.
- Partnerships: Aave DAO will receive 7% of WLFI tokens, valued at $105 million, for voting and liquidity provision.
- Future Plans: Develop stablecoin-based credit cards and fractionalize real-world assets like hotels and sports clubs.
- Token Status: WLFI is a governance token, non-transferable for the first year, used for voting on platform decisions.
