The Trump family project WLFI's "first sale" aims to raise 300 million dollars, with over 100,000 people already registered on the whitelist

ChainCatcher news, according to The Block, the Trump family project WLFI has had over 100,000 people register and join the whitelist since its launch on September 30. A "golden file" will also be released on Tuesday.

In terms of allocation, 63% of WLFI tokens will start being sold to the public on Tuesday, October 15. The remaining 17% will be used as rewards for users and 20% for team compensation. WLFI is open to qualified investors in the United States and the United Kingdom as well as investors outside these countries.

According to a roadmap seen by The Block, WLFI's "initial sale" aims to raise $300 million and sell off a supply of tokens at a fully diluted valuation of $1.5 billion.

The first phase of World Liberty Financial is launching an Aave version on Ethereum's second layer network Scroll that allows users to lend and borrow tokens starting with Bitcoin, Etherium coins and stablecoins. The second phase involves integration with exchanges so that users can go up-chain or down-chain through an on-chain proof-of-concept Know Your Customer (KYC) protocol. The final stage involves subdividing real-world assets and obtaining regulatory approval.

During a live broadcast Paxos announced co-founder Rich Teo has joined World Liberty team as head of stablecoin payments. It remains unclear whether he has left his position at Paxos.