Trump's World Liberty Financial Begins KYC Process for Select Investors
The crypto project, spearheaded by Donald Trump and his family, opens enrollment but restricts access to accredited U.S. investors.
- World Liberty Financial, a DeFi project backed by Donald Trump, has started its know-your-customer (KYC) verification process for select investors.
- Currently, only accredited investors in the U.S. and certain international investors can participate, with future plans to expand access to all Americans.
- The project's native token, WLFI, will soon be available, with 63% allocated for public purchase and 37% reserved for the founding team and user rewards.
- The Trump family, including Donald Jr., Eric, and Barron, are heavily involved in the project alongside other notable figures like Chase Herro and Zachary Folkman.
- Eric Trump emphasized that World Liberty Financial aims to democratize banking by offering decentralized, peer-to-peer financial services, bypassing traditional banks and their fees.