Donald Trump’s announcement of the token sale for his decentralized finance (DeFi) platform, World Liberty Financial (WLFI), has stirred up excitement among Polymarket users. The announcement has offered massive profits for those betting on his upcoming crypto launch.
Donald Trump’s WLFI Token Launch Date
The sale of WLFI is set to go live on Tuesday, October 15, as per Donald Trump’s post on X, formerly known as Twitter. In his message, he urged followers to be present for an exclusive event on October 14 at 8 a.m. EST, which will provide more details about the token sale.
“Token Sale goes live on Tuesday morning, October 15th! This is YOUR chance to help shape the future of finance,” he wrote. The creation of WLFI is part of Trump’s vision to disrupt the traditional banking system with crypto and empower Americans through decentralized finance.
Back in August 2024, Trump introduced his platform, initially named “The DeFiant Ones,” to address the perceived financial disenfranchisement of many. “For too long, the average American has been squeezed by the big banks and financial elites. It’s time we take a stand – together,” Trump stated during the initial announcement.
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World Liberty Financial’s mission is clear in its roadmap – to promote the use of stablecoins pegged to the US dollar and expand the concept of decentralized finance on a global scale. WLFI also features a governance token, which, according to a spokesperson for the project, will allow users to participate in decision-making related to the platform.
“We’re planning to sell and otherwise distribute governance tokens called WLFI in the future. WLFI tokens are pure governance tokens, only providing the right to make proposals and vote on matters related to the platform,” said the spokesperson.
Polymarket Users Make Profit
Polymarket, a decentralized prediction market platform, has seen considerable activity around Trump’s WLFI announcement. The probability of Trump launching a token before the 2024 election surged to 83%, marking a 28% increase in the ‘Yes’ option.
This spike was directly linked to Trump’s latest update on the WLFI token sale. As a result, Polymarket bettors who backed the likelihood of the token launch realized significant profits. However, those betting ‘No’ experienced losses.
For further context, according to earlier reports, the WLFI token sale will distribute 63% of the tokens to the public. Meanwhile, 17% will be reserved for rewards and 20% for team compensation. This has further fuelled speculation and interest on platforms like Polymarket and X.
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