- Donald Trump has officially announced his new crypto venture, World Liberty Financial, following a recent assassination attempt.
- This new project aims to simplify borrowing and lending cryptocurrencies on the Ethereum blockchain.
- Key members of the team have shared insights into token distribution and SEC regulation compliance.
Discover the details behind Donald Trump’s World Liberty Financial, a groundbreaking crypto project poised to transform decentralized finance with its regulatory compliance and fair token distribution.
Trump Unveils World Liberty Financial
Amidst a tumultuous political landscape, Donald Trump introduces his long-anticipated crypto initiative, World Liberty Financial. This decentralized finance (DeFi) project focuses on offering user-friendly borrowing and lending services on the Ethereum blockchain. During a recent interview with Rug Radio, the team provided essential details about the project’s structure and goals.
SEC-Regulated Token Distribution
The World Liberty Financial team, led by Zak Folkman (Operations Lead) and Chase Herro (Data and Strategy Head), emphasized the equitable nature of their token distribution strategy. The team revealed that 62.66% of WLFI tokens will be sold in a forthcoming token sale, with a portion of the net proceeds directed to the project’s treasury reserve. Importantly, the sale will adhere to SEC regulations, ensuring compliance and transparency.
Community and Team Incentives
Approximately 17.33% of WLFI tokens are allocated for community growth and governance incentives, aimed at fostering increased participation and engagement. The remaining 20% of the token supply is designated for the project’s team, advisors, and future hires. This allocation includes undisclosed amounts for the WLF Foundation and affiliates of the Trump Organization, as well as contributions from entities like the Witkoff Group.
Regulatory Compliance Amid Uncertainty
To address regulatory concerns, purchasers of WLFI tokens will undergo stringent “know your customer” (KYC) screenings similar to those used by major American crypto exchanges. Despite the project’s aim to avoid classification as securities, WLFI tokens will be sold under Rule 506(c) of the SEC’s Regulation D. This allows the sale of unregistered securities to accredited investors, defined by strict financial criteria.
Conclusion
Donald Trump’s World Liberty Financial seeks to usher in a new era of decentralized finance by prioritizing user accessibility and regulatory compliance. Offering significant insights into token distribution and community incentives, the project aims to establish itself as a credible and transparent player in the DeFi space.
