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It finally happened. Former President Donald Trump’s decentralized finance project will launch a token sale next week.
World Liberty Financial announced in a Friday post on Twitter (aka Sales will be open to those who qualify through a whitelist.
Prospective customers have been able to request whitelisting since September. For now, World Liberty Financial is open only to accredited investors in the U.S., meaning investors with an individual or partner who have a net worth of at least $1 million (excluding the value of their primary residence), according to the SEC. .
🦅🇺🇸Big news! @WorldLibertyFi General sale begins October 15th and is open to all whitelisted people. For more information, join us in our Twitter space on October 14th at 8am ET. Stay tuned for more information!
— WLFI (@worldlibertyfi) October 11, 2024
U.S. regulators say accredited investors must have an annual income of at least $200,000 over two years, or $300,000 with a spouse or partner, and the salary trend is expected to continue this year. I’m predicting it. He said he hopes the project will eventually be open to all Americans.
World Liberty Financial is an Ethereum-based decentralized finance (DeFi) project first announced by Donald Trump’s son Eric in August.
The project will offer cryptocurrency lending and borrowing services, the team behind the project said in an exclusive interview with Decrypt’s sister company Rug Radio last month.
On Thursday, the project posted a blog explaining that it “aims to become a one-stop shop for DeFi around the world.” DeFi is a complex and experimental area of the cryptocurrency industry that aims to replace traditional financial services using blockchain technology.
A prime example of an established DeFi project is Uniswap, a decentralized exchange that anyone can use to exchange digital coins and tokens. However, many DeFi projects are considered risky, and hacks in this space are not uncommon.
Republican candidate Donald Trump has made it clear ahead of the US presidential election in November that he is a crypto-friendly candidate.
Trump, who has previously opposed the universe, has often said he is “not a fan” of Bitcoin and cryptocurrencies. However, he has since dived into the world of NFT collectibles and even said he wants to mine all remaining Bitcoin stateside.
He went on to say that World Liberty Financial will “help make America the crypto capital of the world.”
Edited by Andrew Hayward
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