coindesk.com
An anticipated token sale for the Trump family-backed World Liberty Financial appears to have gone live on the platform, site data shows.
The sale went live on 12:40 UTC, with over 220 million of the platform's WLFI tokens sold in the first twenty minutes to over 1,700 unique wallets, blockchain data shows.
A blockchain wallet connected to the token holds nearly $3 million worth of ether (ETH), and less than $1 million of tether (USDT) and USD Coin (USDC) tokens each.
WLFI will serve as a governance token for the platform, which will allow users to engage in borrowing, lending, and other DeFi activities. The project aims to raise $300 million, valuing the venture at $1.5 billion.