In a highly anticipated announcement during an X Spaces live stream, the team behind the World Liberty Financial (WLFI) project confirmed their plans to launch a governance token under an SEC Regulation D exemption.
The event, which attracted over 100,000 listeners, provided key insights into the much-discussed project, which has gained notable attention due to endorsements from Donald Trump and his family.
WLFI Governance Token: What You Need to Know
During the two-hour session, project advisors revealed that the governance token, WLFI, would be non-transferable and would not offer economic rights. The intention behind this move is to attract buyers who are genuinely interested in participating in the platform’s governance, rather than those solely seeking financial gains. Of the total token supply, 63% will be available to the public, with 17% allocated for user rewards and the remaining 20% reserved for the project team.
SEC Regulation D Exemption
One of the standout points from the discussion was that WLFI would be offered only to accredited investors under the SEC’s Regulation D exemption. This exemption allows companies to raise capital without registering with the SEC, making it easier to gather investment from private or accredited investors. The team expressed their goal of simplifying the platform’s user experience, ensuring that participants won’t need technical assistance to navigate the system.
Trump Family Weighs In on Crypto
Throughout the live session, several members of the Trump family shared their views on cryptocurrency and decentralized finance (DeFi). Donald Trump Jr. emphasized his belief that DeFi aligns with the principles set by America’s founding fathers, while Eric Trump spoke of the challenges he faced using decentralized lending platforms, noting the need to make such technologies more user-friendly. Former President Donald Trump made a brief appearance, though he primarily discussed broader crypto policy and acknowledged the importance of embracing crypto’s growing influence.
Market Response and Predictions
The event sparked a flurry of speculation, with Polymarket contracts indicating fluctuating bets on whether Trump would launch a coin before the upcoming election. Though the Polymarket betting peaked at over 80% in favor of the token’s launch, confidence waned as the session drew to a close, dropping to 22%. Trump’s remarks during the event—where he mentioned “Crypto” over five times—created excitement, but ultimately left some unanswered questions regarding the specifics of WLFI’s rollout.
