Introduction to World Liberty Financial
Former U.S. President Donald Trump is entering the digital asset market with his decentralized finance (DeFi) project, World Liberty Financial. The project is set to launch its token sale next week, marking a significant step in Trump’s foray into cryptocurrency.
Token Sale Details
The public sale of tokens will begin on October 15. However, it will be available only to individuals who have successfully passed a whitelist process that started in September. Currently, the project is limited to accredited investors in the United States, as defined by the Securities and Exchange Commission (SEC) regulations.
Accredited Investor Criteria
To qualify as an accredited investor, individuals must meet specific financial criteria. According to the SEC, this includes having a net worth of over $1 million, excluding the value of their primary residence. Alternatively, individuals can qualify by having an annual income of at least $200,000 for the past two years, or $300,000 if combined with a spouse, with the expectation of maintaining that income level in the current year.
Project Leadership and Vision
World Liberty Financial is an Ethereum-based DeFi project led by Eric Trump, the former President’s son. The project was first announced in August during an exclusive interview with the New York Post, where Eric Trump referred to it as “digital real estate.”
Future Ambitions
In a recent blog post, World Liberty Financial outlined its ambitious goal of becoming a comprehensive platform for DeFi on a global scale. If successful, it would position the project alongside established players like Uniswap, a popular decentralized exchange for swapping various digital tokens.
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