Donald Trump, former President of the United States, announced that enrollment for his crypto project has begun.
The details about World Liberty Financial – the DeFi Project Trump and his family teased for months – have taken a long time to surface.
Trump announced in a Facebook post that the KYC verification process has begun. A few prospective investors at least.
You can also use “outdated” World Liberty Telegram confirmed Monday that only accredited US investors are eligible to access the whitelist. The second whitelist is available to accredited investors in the US. “non-US persons.”
“We’re fighting for changes so all Americans can access World Liberty Financial and join the financial revolution,” It said:
World Liberty founders stated in a two-and-ahalf hour long livestream that took place earlier this month that the native coin WLFI was soon to be released. The founders also disclosed how the token will be distributed.
WLFI distributes 20% of the proceeds to its founding members/Trump family and 17% to other beneficiaries. “user rewards,” 63% of tokens are available for purchase by the general public. According to a previous leaked World Liberty plan, 70% tokens will be reserved for leaders of projects.
Donald Jr. and Barron Trump are part of the team. Chase Herro, Zachary Folkman and Zachary Folkman also participate.
Herro describes himself as “the dirtbag of the internet” Pacer Capital was shut down in 2017. Folkman and Herro collaborated to build Dough Finance, Aave’s DeFi-based platform which was abused over the summer by $2 million.
Users are asked to provide proof of their identity and confirm their residence country. They also have to link their wallet with ethereum. “liveness check.”
According to the Securities and Exchange Commission, accredited investors are individuals with an individual income or net worth below $1 million and a net worth above $200,000. Couples who earn a combined $300,000 income can qualify.
During the World Liberty Livestream on September 16, it was not stated that US investors must be accredited.
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