Trump Launches World Liberty Financial Crypto Project
Former U.S. President Donald Trump has officially launched his highly anticipated crypto project, World Liberty Financial. The project will offer borrowing and lending services on the Ethereum blockchain, aiming to make decentralized finance (DeFi) more accessible and user-friendly. The team behind the project shared key details in a recent interview, including plans for a governance token called World Liberty Financial (WLFI).
WLFI Token Distribution and Sale
The WLFI token will play a central role in the platform’s governance, with the majority of the tokens—about 63%—being sold to accredited investors in the U.S. This sale will be regulated by the U.S. Securities and Exchange Commission (SEC). Approximately 17% of the token supply will be used to incentivize community participation and governance, while 20% will be allocated to the project's team, advisors, and affiliates.
Regulatory Oversight and Compliance
Trump's crypto project is being closely watched, especially given the regulatory scrutiny surrounding DeFi platforms. The WLFI token sale will adhere to SEC regulations, and all investors will be subject to strict "know your customer" (KYC) requirements. This project marks a significant step for Trump into the crypto world, aiming to maintain U.S. dollar dominance through blockchain technology.
Source: Decrypt
