Trump family crypto project whitelist audit tightened
World Liberty Financial sets token sale date
Former U.S. President Trump's decentralized financial project will launch a token sale next week. World Liberty Financial officials announced on Twitter that the public sale of tokens will begin on October 15, and this sale will only be open to customers who have passed the whitelist audit. Starting in September, interested customers can apply to enter the whitelist. Currently, World Liberty Financial is only open to qualified investors in the United States, that is, investors with a net worth of at least $1 million (excluding the value of the primary residence) as an individual or with a partner, according to the regulations of the U.S. Securities and Exchange Commission. Qualified investors must also have an annual income of at least $200,000 in the past two years, or a combined annual income of $300,000 with a spouse or partner, and expect to maintain that income trend this year, according to U.S. regulators. World Liberty Financial is an Ethereum-based DeFi project that was first announced by Trump's son Eric in August. Its team said in an exclusive interview with Decrypt's sister company Rug Radio last month that the project will provide cryptocurrency lending services. On Thursday, the project published a blog post explaining that it "aims to be a one-stop service platform for global DeFi." DeFi is a complex and experimental field in the cryptocurrency industry that aims to use blockchain technology to replace traditional financial services. Republican candidate Trump made it clear that he is a cryptocurrency-friendly candidate on the eve of the US presidential election in November. Trump once said that he was "not a fan of Bitcoin and cryptocurrency", but he later devoted himself to the field of NFT collectibles and even expressed the hope that all remaining Bitcoins were mined in the United States. He further stated that World Liberty Financial will "help the United States become a global cryptocurrency center."
