CDS Crypto News WLFI Token Presale: Over 100,000 Accredited Investors Whitelisted
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WLFI Token Presale: Over 100,000 Accredited Investors Whitelisted

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WLFI Token Presale: Over 100,000 Accredited Investors Whitelisted

WLFI Token- Investing in the Future: World Liberty Financial’s WLFI Token Sale

WLFI Token– World Liberty Financial, supported by the Trump family, has officially whitelisted over 100,000 accredited U.S. investors in anticipation of its WLFI token launch scheduled for Tuesday. This move was announced during an X spaces event on Monday, generating significant buzz ahead of the presale.

Token Launch Timing and Leadership

The presale of World Liberty Financial’s WLFI token will kick off during U.S. morning hours on Tuesday, exactly three weeks before the upcoming presidential election in which Donald Trump is the Republican candidate. Trump serves as the chief crypto advocate for the project, with his sons, Eric and Donald Trump Jr., taking on roles as web3 ambassadors. Meanwhile, Barron Trump holds the title of DeFi visionary, indicating a strong family involvement in the project’s direction.

In the U.S., accredited investors are defined by the Securities and Exchange Commission as individuals permitted to invest in unregistered securities, including pre-IPO shares, provided they meet specific financial criteria, such as an annual income of $200,000 and total assets exceeding $1 million.

Global Participation and Project Goals

Before being whitelisted, non-U.S. investors had to comply with their local regulations, as stated by founders Zachary Folkman and Chase Herro during the event. Notable figures in the cryptocurrency space, such as Stani Kulechov of Aave, Sandy Peng from the layer-2 network Scroll, and Luke Pearson, a senior research cryptographer at Polychain Capital, were present at the discussion, showcasing the project’s credibility within the industry.

World Liberty Financial aims to raise $300 million from the token sales, targeting a valuation of $1.5 billion. The WLFI token will serve as the governance token for the protocol, enabling users to vote on protocol modifications and strategic decisions. The platform intends to create a unified ecosystem where users can borrow and lend cryptocurrencies, set up liquidity pools, and transact with stablecoins.

Commitment to Regulatory Compliance

Importantly, all governance decisions will align with U.S. regulations to ensure compliance with existing laws. Trump has previously explored NFTs and has held ether (ETH) in a public wallet. If elected, he has pledged to position America as a global leader in Bitcoin and cryptocurrencies. Market analysts generally view a Trump victory as bullish for the crypto industry, especially when compared to Democrat Kamala Harris, who is not perceived as particularly friendly towards cryptocurrencies.

Currently, Trump is seen as a marginal favorite in the election race, with Polymarket estimating his chances at 53.8%, against 45.6% for Harris. As the token launch approaches, all eyes will be on how these political dynamics could impact the future of cryptocurrency in the U.S.

FAQs

What is the WLFI token, and how does it function?

The WLFI token is the governance token for World Liberty Financial, a unified platform that allows users to borrow and lend cryptocurrencies, create liquidity pools, and transact with stablecoins. WLFI holders can vote on changes to the protocol and influence the platform’s future strategies.

Who is eligible to invest in the WLFI token presale?

The presale of WLFI is open to accredited U.S. investors who meet specific income and net worth criteria set by the Securities and Exchange Commission. These criteria include earning at least $200,000 annually or having total assets exceeding $1 million. Non-U.S. investors must comply with local regulations before being whitelisted.

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