World Liberty Financial Offers Token Swap Deals to Blockchain Teams
World Liberty Financial, linked to former President Donald Trump, is offering blockchain teams token swap deals. Key points include:
- Blockchain teams can buy unlaunched WLFI tokens worth $10 million at a 10% fee.
- World Liberty Financial will purchase an equivalent amount of the blockchain's native token.
- The WLFI tokens are valued at a $1.5 billion fully diluted valuation (FDV).
- Minimum buy-in for participation is set at $10 million; priority treatment requires $15 million.
- The platform aims to enable access to third-party DeFi applications for yield earning and crypto borrowing.
- Currently, users can only purchase WLFI tokens, with around 24 billion sold at $0.05 each, totaling $1.2 billion.
- Trump’s family retains significant equity and revenue shares from the project.
- World Liberty Financial's wallet holds $378 million in crypto assets, primarily in ETH, along with wrapped bitcoin and USDC.
- The token swap operates on a first-come, first-served basis, prioritizing projects with strong technical metrics.
Co-founders Zak Folkman and Chase Herro previously experienced a hack involving Dough Finance. Token swap candidates must participate in initial meetings with the co-founder to finalize deals.