World Liberty Financial Operations Manager: WLFI Token Has No Presale, Will Be Subject to US SEC Regulation
"According to Golden Finance, Zak Folkman, the operations manager for the Trump family's crypto project World Liberty Financial, stated that the project's token, WLFI, has not undergone a presale, nor has it received venture capital or early access purchases. Like any other DeFi project one might expect to see, the token distribution launched now is very fair, with a majority of the supply (62.66%) being allocated in the upcoming token sale. A portion of the net proceeds from this sale will be placed in the project's multi-signature wallet treasury reserve. As per the whitepaper excerpt, approximately 17.33% of the WLFI token supply will be specifically designated to incentivize expanding participation in World Liberty Financial governance and other community development initiatives. The remaining 20% of the token supply will be allocated to the project team, advisors, and future employees, with an undisclosed portion of WLFI being allocated to the WLF Foundation, affiliates of the Trump Organization, and the Witkoff Group. The project team has also revealed that the sale of WLFI will be subject to oversight by the U.S. Securities and Exchange Commission (SEC). All purchasers of WLFI will undergo screening under the same "Know Your Customer" (KYC) standards as American cryptocurrency exchanges like Coinbase and Kraken.
It is understood that the SEC defines an accredited investor as an individual with financial experience who has had an income of $200,000 in each of the two preceding years, or a joint income with their spouse or equivalent amount of $300,000 over the past two years, regardless of spousal status, or who has a net worth of $1 million or more, or is a broker or financial professional."