- Trump didn’t share updates on World Liberty Financial during his post-assassination attempt interview.
- WLFI token sale will be regulated by the U.S. Securities and Exchange Commission (SEC).
As a seasoned crypto investor with a knack for deciphering market trends and regulatory nuances, I must admit that the recent turn of events surrounding World Liberty Financial (WLFI) has left me both intrigued and slightly bewildered.
One day following the second attempt on presidential candidate Donald Trump’s life, he made his initial public appearance on September 16th for the very first time.
He participated in a high-profile interview hosted by crypto influencer Farokh Sarmad on X.
Trump’s livestream a failure?
Though the event was initially planned as a launch for World Liberty Financial, a new cryptocurrency platform linked to Trump’s family, the former president did not directly address the platform during the conversation.
Initially, Trump referred to a livestream as his “State of Crypto address,” yet it took him 16 minutes into the broadcast before he initially used the term.
Our aim is to elevate our nation to unprecedented heights, ensuring joy and affection for all its inhabitants, and fostering a strong connection with cryptocurrency.
World Liberty Financial token in the making?
Moreover, it took over two hours during the live broadcast before Zak Folkman, one of the main figures in the project, disclosed that “a token will indeed be involved,” thus satisfying the long-awaited curiosity regarding the platform’s intentions.
Together with data strategist Chase Herron, Folkman revealed significant details regarding the revised plan for distributing the WLFI tokens.
They made it clear that the fundraising event, or token sale, would be closely monitored by the U.S. Securities and Exchange Commission (SEC). This means they will adhere to the necessary regulations.
Folkman said,
“There have been no pre-sales and no VC, early buy-ins.”
He added,
This is similar to any other Decentralized Finance (DeFi) project you might encounter these days, featuring a highly equitable distribution of tokens.
Token details
Zak Folkman gave only a partial explanation of WLFI’s overall supply quantity, but he emphasized the token’s “extremely fair distribution” model. He revealed that approximately 63% of the tokens will be allocated for public sale, with no pre-sales or special discounts for venture capitalists beforehand.
Initially, it was speculated that about three-quarters (70%) of the total tokens would be set aside for the development team.
Despite these updates, no concrete information was shared about the World Liberty Finance platform.
Quite a difference!
Two months ago, following the initial assassination attempt, there was a significant change in the ambiance. Instead of making headlines as the keynote speaker at the Bitcoin Conference 2024, portraying himself as the “crypto president,” this occasion saw a noticeably distinct atmosphere.
During his 45-minute address, there was a conspicuous lack of updates regarding World Liberty Financial, leaving many to wonder about the project’s future direction.
Despite the notable influence of the initial assassination attempt on Trump’s Polymarket stance, as well as Bitcoin [BTC] and the MAGA memecoin, this current market response seems to be relatively quieter.
Trump now holds second place on Polymarket, with Harris leading the charts.
Bitcoin, like many other assets, has seen a dip and is currently valued at around $58,749. Meanwhile, the MAGA coin, which gained popularity under former President Trump, has experienced a drop of more than 7% over the last day.
As events progress, it’s yet to be seen if Trump can regain his title as the “crypto president” or if Harris will step forward as the leading contender instead.
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2024-09-17 16:08