World Liberty Financial will be available this Tuesday from 2 p.m. PST in the United States and United Kingdom. To access it, users must check a certain number of criteria.
Three weeks before the American presidential election, which will take place on Tuesday, November 5, Donald Trump and his family are officially launching their latest crypto project: the decentralized finance platform: World Liberty Financial.
The platform’s X account announced that “the public token sale begins this October 15 and is open to anyone who qualifies via the whitelist.” World Liberty Financial will be available to professionals and investors who hold at least $1 million, in the US and UK at this time.
This crypto project aims to stimulate the mass adoption of digital assets in the United States through a unique platform in order to create a real alternative to banks. The goal of Donald Trump and his sons is to leverage the distribution of a decentralized finance protocol that will be designed to be “accessible, intuitive and controlled directly by the user community.”
World Liberty Financial must allow users to borrow or lend cryptocurrencies to each other. The platform must also allow registrants to use their cryptos as collateral to obtain loans, for example.
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The main stages of this project
The project’s website states that World Liberty Financial will seek to raise $300 million through the “initial sale” of 20% of the project’s tokens. Ultimately, the capitalization that the project hopes to achieve should be around $1.5 billion.
The second phase would consist of letting investors freely use the platform with the greatest possible autonomy. World Liberty Financial also intends to create a stablecoin-focused credit card to allow users to spend their tokens in their daily lives.
The last phase of the project will implement tokenization. The team behind the platform wants to split real-world assets like hotels or sports clubs for example and allow users to hold tokens linked to these projects.
With this new platform, Donald Trump illustrates his pro-crypto positioning. While a few years ago he was very critical of cryptocurrencies, which he even described as a “scam”, Donald Trump has radically changed his position. He now presents himself as champion of digital currencies. At the Bitcoin conference at the end of July in Nashville, Tennessee, he promised that if re-elected, he would be “the pro-innovation, pro-bitcoin president that America needs.”
