Trump project announces $300 million tokensale

Donald Trump's DeFi project, World Liberty Financial (WLFI), has announced it will soon begin a token sale. According to a post on X, the sale will begin on Oct. 15, with a goal of raising nearly $300 million.

The tokensale is open to investors on the project's whitelist. While investors outside the US could sign up quite easily, participation within the US is limited to "accredited investors." This led to discontent, with one user on X writing, "It's not a public sale if it's just for one. An embarrassing launch meant to bring people together."

Strict US regulations on crypto markets could be the reason for this restriction for US investors. World Liberty Financial hopes to raise about $300 million from the sale, but it is still unclear whether this money will also go to Trump's presidential campaign (or his own pockets).

In the race to the White House, Donald Trump is increasing his lead over Kamala Harris. According to Polymarket leads the Republican by nearly 9 percentage points, with a current stand of 54 versus 45 percent. In the media, the two are going neck-and-neck. Observers expect crypto to become a can play an important role in elections, especially in the Swing States, where the number of crypto voters has risen sharply.