World Liberty Financial, a newly established decentralized finance (DeFi) protocol backed by Donald Trump, is preparing to initiate its token sale on October 15th, which will be available to individuals who meet the project's whitelist requirements.

"Public sale starts [on] October 15th, open to everyone who qualifies through the whitelist," the project's social media account posted on Friday.

Members of the Trump family have been vocal supporters of the project, with Donald Trump being promoted as 'Chief Crypto Advocate.'

The initiative aims to collect $300 million during the token sales, with a projected valuation of $1.5 billion, per internal documents.

The WLFI token is envisioned to facilitate governance, allowing token holders to engage in decision-making about the protocol's future developments.