PANews reported on August 16 that Donald Trump Jr. announced the opening of the Telegram channel "The DeFiant Ones" on the X platform to introduce the upcoming crypto project. He said in a post on X: "There are many rumors about our crypto project. To find out the truth and keep up to date with official announcements, join our official Telegram channel and get news directly here." The name of the channel, "The Defiant Ones," is consistent with a recent trademark application. In July of this year, a company called AMG Software Solutions filed trademark applications for "Be DeFiant," "World Liberty," and "World Liberty Financial." According to its application, this third trademark is used to "provide financial information in the field of decentralized finance (DeFi)." Last week, both Donald Trump Jr. and Eric Trump refuted rumors that the crypto project would be an emoticon. “This is about digital real estate,” he told The Washington Post. “This is equity. This is collateral that anyone can get instantly. I don’t know if people realize what a big shakeup this is to the banking and financial industries. I think at some point we all want to achieve some form of financial independence and live in a world where we don’t have to play by the script of the big banks. That day is coming soon.”