The Trump family project WLFI "first sale" will seek to raise $300 million, with over 100,000 people already registered for the whitelist
ChainCatcher news, according to The Block, since the WLFI whitelist went live on September 30, over 100,000 people have registered to join the whitelist, and a "golden document" will be released on Tuesday.In terms of allocation, 63% of WLFI tokens will be available for public sale starting Tuesday, October 15. The remaining 17% will be used to reward users, and 20% will be for team compensation. WLFI will be open to qualified investors within the United States, qualified investors within the United Kingdom, and investors outside of these countries.According to the roadmap seen by The Block, WLFI's "initial sale" aims to raise $300 million and will sell 20% of the token supply at a fully diluted valuation of $1.5 billion.The first phase of World Liberty Financial is to launch a DeFi lending platform version of Aave on the Ethereum Layer 2 network Scroll, allowing users to lend and borrow tokens, starting with Bitcoin, Ether, and stablecoins. The second phase involves integration with exchanges, enabling users to go on-chain and off-chain through on-chain proof of "Know Your Customer" (KYC) protocols. The final phase is to tokenize real-world assets and obtain regulatory approval.During the livestream, Paxos announced that co-founder Rich Teo has joined the World Liberty team as its head of stablecoins and payments. It is currently unclear whether he has left his position at Paxos.