TechFlow news, October 14 — According to The Block, on the eve of its public token sale, World Liberty Financial (WLFI), a DeFi project backed by the Trump family, held a live stream event. Zak Folkman, co-founder of WLFI, revealed that whitelist registrations have exceeded 100,000 since opening on September 30.
Folkman stated that WLFI will be an ERC20 token and will be sold on the WLFI website to users who have joined the whitelist. A "Gold Paper" will also be released on Tuesday. In terms of allocation, 63% of WLFI tokens will go on public sale starting Tuesday, October 15. The remaining 17% will be allocated for user incentives, and 20% for team compensation. WLFI will be available to qualified investors within the United States, qualified investors in the United Kingdom, and investors outside these countries.
During the livestream, it was announced that Rich Teo, co-founder of Paxos, has joined the WLFI team as Head of Stablecoins and Payments. It remains unclear whether he has left his position at Paxos.
