PANews reported on September 17 that according to Decrypt, Zak Folkman, head of operations of the Trump family's crypto project World Liberty Financial, said that the project's token WLFI has no pre-sale, no venture capital and early purchases. Like any other DeFi project that can be expected to be seen, the token distribution launched now is very fair, most of which (62.66%) will be distributed in the upcoming token sale, and part of the net proceeds of this sale will enter the project's multi-signature wallet vault reserve. According to the white paper excerpt, about 17.33% of the WLFI token supply will be used specifically to incentivize expanded participation in World Liberty Financial governance and other community development programs, and the remaining 20% of the token supply will be allocated to the project team, consultants and future employees, of which the undisclosed portion of WLFI will be allocated to the WLF Foundation, affiliates of the Trump Group, and the Witkoff Group. The project team also revealed that the sale of WLFI will be regulated by the U.S. Securities and Exchange Commission (SEC), and all WLFI buyers will be screened under the same "know your customer" (KYC) standards as U.S. cryptocurrency exchanges such as Coinbase and Kraken.
The SEC defines accredited investors as financially experienced individuals who have earned $200,000 in one of the past two years, or $300,000 in joint income with their spouse or spousal equivalent in the past two years, with or without a spouse, and a net worth of $1 million or more, or are brokers or financial professionals.
