The public sale of tokens is set to start on Oct. 15 but will be open only to those who have successfully qualified through a whitelist process
Former US President Donald Trump’s DeFi project World Liberty Financial is preparing for its token sale next week, in a key development marking the former President's entry into the digital asset space.
The public sale of tokens will begin on Oct. 15, but only those who have successfully qualified through a whitelist process that began in September will be able to participate.
For the time being, the project's reach in the United States is limited to accredited investors only, as defined by the Securities and Exchange Commission (SEC) regulations.
To be considered an accredited investor, one must meet stringent financial criteria. According to the SEC's definition, this entails having a net worth exceeding $1 million, excluding one's primary residence, or an annual income of $200,000 ($300,000 if including one's spouse) over two consecutive years with the expectation of earning the same amount or more in the current year.
World Liberty Financial is an Ethereum-based DeFi project spearheaded by Eric Trump, the former President's son. It was first announced in August during an exclusive interview with the New York Post, where Eric Trump described it as “digital real estate.”
A recent blog post by the project boldly proclaimed its aspiration to become the global one-stop-shop for DeFi. This would place World Liberty Financial among established players like Uniswap, a decentralized exchange widely used for swapping various digital tokens.
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