Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "WLF"


4 mentions found


Donald Trump's crypto project, World Liberty Financial, published a 13-page document on Thursday, describing its mission, how tokens can be allocated, and indicating that the Republican presidential nominee and his family could take home 75% of net revenue. The paper released on Thursday shows that Trump and his family assume no liability. Folkman previously had a company called Date Hotter Girls and reportedly helped develop crypto project Dough Finance. Folkman previously said just 20% of WLF's tokens would be allotted to the founding team, which includes the Trump family. The paper calls Trump the "chief crypto advocate."
Persons: Donald Trump, Donald Trump's, WLF, Trump, Kamala Harris, Chase Herro, Zachary Folkman, Folkman, Herro, Steve Witkoff, Zachary, Crypto Organizations: Liberty, Republican, Trump, who's, DEFI, Management, Finance, AMG, Fi Locations: Nashville , Tennessee, U.S, Delaware, Puerto Rico
World Liberty Financial — which bills itself as a crypto bank where customers will be encouraged to borrow, lend and invest in digital coins — began its token sale on Tuesday morning. On Monday, project co-founder Zachary Folkman bragged in a pre-launch stream on X that "well over 100,000 people" were whitelisted to invest. "However, these numbers are just, in my opinion, unheard of, and I think we're setting all sorts of new records in crypto." The platform says, so far, it has sold more than 788 million tokens at $0.015 per token. That is less than 4% of the 20 billion tokens made available for public sale and amounts to around $11.8 million, still well off the $300 million fundraising target.
Persons: It's, Donald Trump, Zachary Folkman, Folkman, WLF Organizations: Liberty, Trump
Donald Trump's new crypto project is off to a rough start. But WLF's website suffered regular and lengthy outages for much of the morning and early afternoon, contributing to a limited number of sales. That's less than 3% of the 20 billion tokens made available for public sale. Over the course of the day, the website frequently showed a page saying, "We are under maintenance." The glitchy launch is a potential setback to the Republican presidential nominee with just three weeks until the election.
Persons: Donald Trump, Donald Trump's, Zachary Folkman, WLF didn't, Trump Organizations: White, Washington , D.C, Liberty, Etherscan, Republican Locations: Washington ,
World Liberty Financial is separate and apart from Trump Media & Technology Group , the parent company of social media platform Truth Social. Trump Media, known by ticker symbol DJT, started trading in March, after going public through a special purpose acquisition company (SPAC). On Tuesday, the former president and current Republican nominee aims to launch WLFI, the token accompanying his new crypto project called World Liberty Financial. Trump owns about 57% of DJT's outstanding shares, but his potential control over World Liberty Financial is more opaque. Folkman added that WLF would publish the "long-awaited" roadmap for the project on Tuesday, in tandem with the token sale.
Persons: It's, that's, they're, Trump, Donald Trump, Zachary Folkman, Donald J, Folkman, it's, WLF, Stani Kulechov, Kulechov, Monday's Organizations: Liberty, Trump Media & Technology Group, Trump Media, CNBC, Republican, Nasdaq, Truth Social, SEC, Trump, Finance, Liberty Financial, Permissionless Locations: New York City, U.S, DeFi, Salt Lake City , Utah
Total: 4