Instead, Trump’s talk focused more on his plans for the country and less on the new project.
However, the World Liberty Financial team later let the cat out of the bag about their new token.
Trump Skipped World Liberty Financial, but Wlfi Token Announced
During the Sept 16th livestream, Trump chatted with crypto influencer Farokh Sarmad for about 45 minutes. Though billed as a “State of Crypto address,” Trump only briefly mentioned crypto and didn’t go into details about World Liberty Financial. He did mention that people would love their crypto and that the country would be greater than ever. But, that was the extent of his crypto talk.
Join me live from Mar-A-Lago at 8:00PM Eastern, tonight on X Spaces. Set a reminder and be sure to tune in! https://t.co/MXTu3hxVFP
— Donald J. Trump (@realDonaldTrump) September 16, 2024
It wasn’t until two hours into the livestream that Zak Folkman, a leader from the World Liberty Financial team, finally shared some exciting news: a new token would be launched. Folkman announced that they would be introducing the WL token, which would be used for governance. This means the token holders will have a say in decisions about the platform, like making proposals and voting on important matters.
However, Folkman added a few more details. The WLFI tokens will not be transferable, meaning you can’t buy or sell them like regular cryptocurrencies. They are purely for governance, and only accredited investors in the U.S. will be able to buy them. This is due to the current uncertainty about regulations surrounding tokens and token sales in the United States.
Folkman explained that while WLFI doesn’t fit neatly into the category of security, they are being careful to follow U.S. federal securities law. To avoid any legal trouble, they’ve decided to limit the token sale to certain eligible people. It’s a bit like playing it safe and covering all their bases to make sure everything is above board.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
