Foreign media: Trump family's cryptocurrency project plans to sell 30% of WLFI tokens at a valuation of $1.8 billion, expecting to raise $537 million

ChainCatcher news, according to DL News, X user Dumpster DAO's code tests show that the Trump family's crypto project World Liberty Financial plans to sell 30% of its WLFI token supply at an $1.8 billion valuation to raise funds. If these tokens are sold, it would bring in $537 million for the project's treasury.

Dumpster DAO examined the Dough Finance token deployer (an address on the Polygon blockchain) and found test contracts labeled WLFinancial and WLFiPresale. The contracts indicate that the plan is to sell 30% of the WLFI token supply in six price tiers, starting at $0.0075 per token and ending at $0.03 per token, totaling $537 million raised. The code in the tests stipulates that WLFI is initially non-tradable, but it leaves the project with the option to upgrade WLFI to make it tradable later.

The information contained in the test code aligns with the draft World Liberty Financial whitepaper previously reported by CoinDesk. The draft states that insiders will receive 70% of the WLFI tokens, while the remaining 30% will be sold to the public. At an $1.8 billion valuation, those who stand to benefit from the project, including several members of the Trump family, could receive tokens worth nearly $1.3 billion.