It’s finally here: Former President Donald Trump’s decentralized finance project will launch its token sale next week.
In an article published Friday on Twitter (aka X), World Liberty Financial announcement that the public token sale will begin on Tuesday, October 15. The sale will be open to those who have qualified via the whitelist.
Potential customers were able to apply for the whitelist starting in September. For now, World Liberty Financial is only open in the United States to accredited investors, which, according to the SEC, are those with a net worth of at least $1 million, either individually or with a partner (and excluding the value of the main residence).
🦅🇺🇸 Big news! @WorldLibertyFi The public sale begins October 15 and is open to anyone who qualifies via the whitelist. Join us for a Twitter Spot on October 14 at 8:00 a.m. EST to learn more. Stay tuned for updates!
– WLFI (@worldlibertyfi) October 11, 2024
Qualified investors must also have an annual income of at least $200,000 – or $300,000 with a spouse or partner – for two years, says the US regulator, hoping that the salary trend continues over the course of the current year. The project said it hopes to eventually be open to all Americans.
World Liberty Financial is a EthereumDecentralized finance (DeFi) project based on the first project announcement by Donald Trump’s son, Eric, in August.
The project will provide borrowing and lending crypto services, the team behind the project said in an exclusive interview with DecryptIt is sister company, Rug Radio, last month.
On Thursday, the project published a blog explaining that it “aims to become the one-stop-shop for DeFi across the world.” DeFi is the convoluted and experimental sphere in the crypto industry that wants to replace traditional financial services using blockchain technology.
A great example of an established DeFi project is Uniswapa decentralized exchange that anyone can use to trade digital coins and tokens. Many DeFi projects are considered risky, however, and hacks in this area are not uncommon.
Republican candidate Donald Trump to go out explicitly as a pro-crypto candidate ahead of November’s US presidential election.
Once against space, Trump used to say that he was “not a fan” of Bitcoin and cryptocurrencies. But he has since delved into the world of NFT collectibles and even said he wants all remaining Bitcoins to be mined on American soil.
He further said that World Liberty Financial would “help make America the crypto capital of the world.”
Edited by Andrew Hayward
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