World Liberty Financial (WLFI) started it public sale yesterday, October 15. The token sale reaching $8 million in value despite website crashes. This amount raised far less than the project’s goals of $300 million or 20% of its token supply. Around 20 billion tokens were allocated to the public sale, at a fixed price of $0.015, amounting to a total fundraising goal of $300 million. The overall supply of the tokens, including those not available through the public sale, is 100 billion.

A Governance Non-Transferable Token

The WLFI token will serve as a platform governance token which will enable users to engage in borrowing, lending and other DeFi activities. The WLFI token will allow holders to propose future platform changes and will be fully functional for its governance upon completion of the token sale. All the WLFI token will be non-transferable and locked indefinitely in a wallet or smart contract .

A Family Business

The Trump family is heavily involved in the project, with Donald Trump serving as the "Chief Crypto Advocate", his sons Eric and Donald Trump Jr. as " Web3 Ambassadors", and Barron as the " DeFi visionary". Trump was previously involved in the NFT space, while his son Barron was rumored to be involved in the DJT token .