Former President Donald Trump introduced the launch of World Liberty Monetary’s (WLFI) whitelist course of on Sept. 30 and reiterated his plan to “make America nice once more” by leveraging crypto.
To qualify for WLFI’s early entry, customers should bear a know-your-customer (KYC) course of to get on the whitelist. The platform’s web site states that there are not any plans to launch a local token, and the whitelist doesn’t imply there might be a token provide in any jurisdiction.
Nevertheless, it additionally clarified that “if and when” a token is launched, will probably be obtainable to customers who’ve accomplished the KYC course of.
The whitelisting course of is open for accredited US traders and any non-US individuals. US-based retail traders will be unable to take part within the course of for now as a result of regulatory panorama within the nation.
The WLFI crew attributed the limitation to “outdated insurance policies and rules within the US” and stated it’s engaged on overturning it.
The KYC course of consists of informing a pockets, sending a scan of a government-issued identification doc, and a liveness verify in a digicam. Moreover, US customers are additionally required to offer proof that they’re accredited traders.
WLFI didn’t disclose how lengthy it will take to course of the whitelist functions.
Based on DEX Screener, three pretend variations of the WLFI token have been created within the hours because the whitelist was introduced.
Leveraging US-pegged stablecoins
WLFI was created by Donald Trump’s sons Eric Trump and Donald Trump Jr., with the previous US president supporting their enterprise in DeFi.
In a collection of posts on Sept. 4, WLFI stated it’s collaborating with main cash market protocol Aave and clarified that its main objective is to make sure the US greenback maintains its dominance within the world monetary system through stablecoins.
Lately, WLFI has been on a spree of bulletins concerning its advisors. The 2 newest additions to the crew are Matthew Morgan, CEO of blockchain gaming platform Mixie AI, and Ryan Fang, founding father of Tomo Pockets and co-founder of blockchain providers supplier Ankr.
Talked about on this article
Gino Matos
Gino Matos is a regulation college graduate and a seasoned journalist with six years of expertise within the crypto trade. His experience primarily focuses on the Brazilian blockchain ecosystem and developments in decentralized finance (DeFi).
Assad Jafri
AJ, a passionate journalist since Yemen’s 2011 Arab Spring, has honed his abilities worldwide for over a decade. Specializing in monetary journalism, he now focuses on crypto reporting.