According to TechFlow, on September 17, Decrypt reported that the World Liberty Financial project team disclosed several important details in an interview with Rug Radio. World Liberty Financial plans to provide cryptocurrency lending services on the Ethereum blockchain, similar to existing decentralized finance (DeFi) applications. The project promises to be more "user-friendly" and easier to use than existing more technical alternatives.
The project will issue non-transferable World Liberty Financial (WLFI) governance tokens. According to the white paper summary, 62.66% of the tokens will be distributed through the upcoming token sale. About 17.33% of the token supply will be used to incentivize governance participation and community development. The remaining 20% will be allocated to the project team, advisors and future employees, some of which will be allocated to the WLF Foundation, affiliates of the Trump Organization, and the Witkoff Group.
Zak Folkman, head of project operations, emphasized that the WLFI token sale will be regulated by the U.S. Securities and Exchange Commission (SEC). All WLFI buyers will be subject to the same KYC standards as U.S. cryptocurrency exchanges such as Coinbase and Kraken. WLFI tokens will be sold to qualified investors as unregistered securities under Rule 506(c) of SEC Regulation D. Qualified investors must meet certain financial conditions, such as annual income or net worth reaching certain standards.
