TechFlow News, September 17 — According to Decrypt, the World Liberty Financial project team revealed key details during an interview with Rug Radio. World Liberty Financial plans to offer cryptocurrency lending services on the Ethereum blockchain, similar to existing decentralized finance (DeFi) applications. The project promises to be more "user-friendly" and accessible compared to current technically complex alternatives.
The project will issue a non-transferable governance token called World Liberty Financial (WLFI). According to the whitepaper summary, 62.66% of the tokens will be distributed through an upcoming token sale. Approximately 17.33% of the token supply will be allocated to incentivize governance participation and community development. The remaining 20% will go to the project team, advisors, and future employees, with portions designated for the WLF Foundation, an affiliate of the Trump Organization, and the Witkoff Group.
Zak Folkman, the project's operations lead, emphasized that the WLFI token sale will be regulated by the U.S. Securities and Exchange Commission (SEC). All WLFI purchasers will undergo KYC checks equivalent to those at U.S. cryptocurrency exchanges such as Coinbase and Kraken. WLFI tokens will be offered as unregistered securities under Rule 506(c) of Regulation D of the SEC to accredited investors only. Accredited investors must meet specific financial criteria, such as minimum annual income or net worth thresholds.
