Former US President Donald Trump’s DeFi project World Liberty Financial is expected to release its token sale next week. The announcement presents a key development in the former president’s entry into the digital assets space.
The public token sale is scheduled to begin on October 15, but will be open only to those who have successfully qualified through a whitelisting process that began in September. For its part, the scope of the project is now limited in the United States to accredited investors only, according to the definition set by the regulations of the Securities and Exchange Commission (SEC).
Being considered an accredited investor requires meeting strict financial requirements. By the SEC’s definition, this means having a net worth of more than $1 million, excluding one’s primary residence, or $200,000 in annual income, $300,000 if one’s spouse is included, out of two consecutive years in the hope of receiving the same amount or more during the year. year.
World Liberty Financial is an Ethereum-based DeFi project led by Eric Trump, the son of the former president. It was first announced last August during an exclusive interview with the New York Post, with Eric Trump calling it “digital real estate.”
A recent blog post from the project ambitiously stated that it aims to become the one-stop shop for DeFi globally. This would put World Liberty Financial in the same category as established players such as Uniswap, a decentralized exchange commonly used to trade different digital tokens.
