According to a roadmap obtained by The Block, World Liberty Financial plans to raise $300 million at a valuation of $1.50 billion in its initial coin sale next week. The governance token is not transferable for 12 months, but can be used for voting.
Roadmap says WLFI's "first sale" will seek to raise $300 million. It will sell 20% of the token supply at a fully diluted valuation of $1.50 billion. This suggests more token sales are likely. In last month's X Spaces, Folkman said 63% of the token supply will be sold to the public, with 17% going to reward users and 20% to teams.
World Liberty Financial to raise $300 million at $1.50 billion valuation
2024-10-10 12:11:43
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