World Liberty Financial (Trump Crypto)

This could get interesting, so I figured it deserved its' own thread.

Behind the Trump Crypto Project Is a Self-Described ‘Dirtbag of the Internet’​

(Bloomberg) -- Chase Herro has sold a lot of things in his career. Weed. Weight-loss “colon cleanses.” A $149-a-month get-rich-quick class. Now he’s adding another line to his resume: the Trump family’s crypto guru.

Herro is the dealmaker behind World Liberty Financial, the crypto project that Donald Trump and his two older sons have been promoting on social media in recent weeks, according to two people involved with the project. Herro's long-time business partner Zachary Folkman is also playing a key role. While few details about World Liberty have been released, Eric Trump said that the startup will promote “financial independence” and Donald Trump Jr. said it will “make finance great again.” Former President Trump himself posted a video saying he'd announce the details on Sept. 16. “We’re embracing the future with crypto and leaving the slow and outdated big banks behind,” Trump said.

Yet Herro, a fast-talking 39-year-old who shows off his fancy cars and private-jet rides on social media, is an unknown in the crypto world. More than a dozen prominent digital-asset investors said in interviews they had never heard of him. The only crypto project with which he was publicly affiliated attracted only a few million dollars and suffered a devastating hack. A token he promoted on influencer Logan Paul’s podcast dropped 96% afterward. In one speech in 2018, he called himself “the dirtbag of the internet” and said that regulators should “kick s---heads like me out.”

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Trump to unveil crypto project amid scams and fears of ‘huge embarrassment’​

Former US President Donald Trump plans to unveil a brand new crypto project next week that has already been plagued by scams and targeted by cyber criminals.

The Republican candidate will reveal the World Liberty Financial project from his Mar-a-Lago resort in Florida on Monday, claiming it will revolutionize finance and “leave the slow and outdated big banks behind”.

The project is being led by his two sons, Donald Jr. and Eric Trump, though little is known about what the venture will entail.

In a recent interview with the New York Post, Eric Trump described it as “digital real estate” – referring to either the creation of virtual property within the metaverse, or the digital tokenization of real-world assets in the form of non-fungible tokens (NFTs).

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World Liberty, Crypto Project Helmed by Donald Trump's Family, Will Release on Sept. 16

• Donald Trump announced that his family's cryptocurrency project, World Liberty Financial, will launch on September 16.
• The project aims to move away from traditional banking by embracing cryptocurrencies.

Republican candidate Donald Trump said on a podcast Thursday that his family-helmed decentralized finance (DeFi) project World Liberty Financial will be released on September 16.

“Embracing the future with crypto and leaving slow and outdated big banks behind,” Trump said in a video posted on his X account. “Join me live at 8 P.M.”

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Polymarket Bettors See 84% Chance of Donald Trump Starting His Own Token​

• Betting odds on Polymarket for Donald Trump launching a cryptocurrency token before the November election surged to over 84% after he announced a launch date for the World Liberty Financial crypto project, but later reversed.
• The market, which has seen over $1.7 million in bets, will only resolve to "Yes" if Trump personally issues a verifiable token on a blockchain by November 4, 2024, despite plans for a governance token named "WLFI" in the project's white paper.

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Crypto Project World Liberty Financial, Promoted by Trump Family, Confirms Plan for Token

Officials and advisors to the project confirmed, during a much-anticipated two-hour-plus Spaces on X, that the non-transferable governance token will be available under an SEC Regulation D exemption.

Sep 16, 2024 at 10:55 p.m. EDT Updated Sep 17, 2024 at 1:30 a.m. EDT

• World Liberty Financial, a crypto project the Trump family has endorsed, will launch a governance token WLFI.
• The token will be non-transferable offered only to accredited investors under an SEC Regulation D exemption as the team cited regulatory uncertainty in the U.S.

Team members behind the World Liberty Financial crypto project, which has been promoted by former President Donald Trump and his sons, confirmed during an X Spaces live audio stream that they will launch a governance token WLFI.

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Does World Liberty Financial Count as Trump 'Launching a Coin'? Polymarket Bettors Are Divided

Plus, a look at how PoliFi tokens are doing compared to prediction markets; there might be another #election2024 up north.

This week in prediction markets:

• Is Donald Trump really "launching a coin"? Some Polymarket bettors say shilling World Liberty Financial doesn't count.
• Are PoliFi tokens surging because of limited upside in prediction markets?
• Canada's Justin Trudeau is in trouble, but Polymarket bettors doubt there will be an election this year.

A presidential candidate starting a business on the campaign trail certainly is unprecedented, but that's just what Donald Trump is set to do Tuesday morning with the launch of his decentralized finance (DeFi) project World Liberty Financial.

On a Monday X space, the team behind the project said they are looking to raise $300 million with the token sale and have 100,000 accredited investors on the whitelist.

Yet a Polymarket contract asking if Trump will launch a coin before the election gives it just an 83% chance of happening – even though Trump family members and associates confirmed a token is in the works during a September livestream and the post on X announcing the launch promises the start of a public sale.

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