Whitelisting Trump-backed World Liberty Financial
World Liberty Financial, funded by Donald Trump, has verified the WLFI coin and encouraged accredited investors to join its whitelist.
The whitelist allows qualified parties to view DeFi's listings or future offers.
With a month before the November US presidential election, Donald Trump's crypto currency is getting media attention.
Donald Trump, former US President and November presidential contender, is back in the spotlight with his World Liberty Financial crypto currency. The Trump family is backing the Ethereum-based DeFi project.
Crypto ecosystem critics believe the idea is comparable to DeFi lending technology Aave and that ambassadors and executives have worked on crypto initiatives.
World Liberty Financial has announced the open whitelist for US and foreign authorized investors. Accredited investors generally earn $200,000 per year and have $1 million in liquid assets.
The idea calls platform users âeveryday Americans,â yet only rich investors are eligible.
The project's features and services are accessible to whitelisted participants. The notice says:
These whitelists are available to accredited US investors and all non-US citizens, but we don't ignore average Americans. We want to provide everyone financial independence, regardless of background or bank balance.
World Liberty Financial leaders said they want all Americans to utilize the platform in the future and criticize antiquated US rules.
World Liberty Financial looks to be a fork of the hacked Dough Finance project, according to Coindesk. Both programs use Aave for lending and borrowing.
Key Dough Finance executives Zachary Folkman, Chase âHeroâ Herro, Octavian Lojnita, and â0xbogaâ are on the team. The Coindesk story reveals screenshots from the project's deleted code that resemble Dough Finance.
In an X Spaces chat, the project verified its WLFI coin. The project's governance token is free from SEC securities rules since it's non-transferable and yieldless.
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