As the U.S. presidential election approaches, World Liberty Financial is set to launch its highly anticipated token sale, which will be limited to pre-approved whitelist participants and accredited investors in the United States. The sale is notable as it occurs just three weeks before the election, where Donald Trump is the Republican candidate.
The SEC defines accredited investors as individuals with a net worth of at least $1 million (excluding their primary residence) or those who have earned at least $200,000 annually for the past two years, or $300,000 with a partner. World Liberty Financial has expressed aspirations to eventually open its platform to the general public, expanding access beyond accredited investors.
World Liberty Financial, which gained significant attention in the crypto community, recently announced a partnership with Aave, a prominent Ethereum blockchain-based DeFi project. Eric Trump initially revealed the partnership in August, and it has since garnered support from Donald Trump, who serves as the project’s “Chief Crypto Advocate.” His sons, Eric and Donald Trump Jr., are designated as “Web3 Ambassadors,” while Barron Trump holds the title of “DeFi Visionary.”
The company was founded by Zachary Folkman and Chase Herro, who previously worked on the DeFi platform Dough Finance. After experiencing a $2 million exploit in July, they have launched World Liberty Financial with a focus on creating a secure DeFi ecosystem.
One of the key initiatives for World Liberty Financial is its proposal to integrate the Aave V3 lending protocol. This integration would grant governance rights in exchange for 7% of the native tokens, known as WIFI. The lending pool will utilize popular cryptocurrencies as collateral, including USDC, USDT, ETH, and WBTC, making it a robust offering within the DeFi landscape.
With its upcoming token sale and strategic partnerships, World Liberty Financial is positioning itself as a significant player in the evolving DeFi sector. As the election draws near, the project will be closely watched for its potential impact on both the cryptocurrency market and the broader political landscape.
October 2024, Cryptoniteuae