World Liberty Financial Will Launch a Token Sale on October 15

Key Points:

• World Liberty Financial will launch a public token sale on October 15, just three weeks before the U.S. presidential election.
• The token sale is open only to accredited investors in the U.S.

Donald Trump family-backed World Liberty Financial, a decentralized finance project, has unveiled a plan to commence its public token sale on Tuesday, October 15.

Read more: World Liberty Financial Opens KYC For WLFI Token Sale 

World Liberty Financial Announces Plans to Launch Token Sale Ahead of Election

This comes just three weeks before the U.S. presidential election in which Trump is the Republican candidate. The sale will be restricted to pre-approved whitelist participants and “Accredited Investors” in the United States only.

For its part, the SEC defines accredited investors as those possessing a net worth of at least $1 million, outside of one’s primary residence, or meeting income criteria of at least $200,000 annually or $300,000 with a partner over the previous two years. To date, World Liberty Financial has mentioned hopes of opening its platform to the general public one day.

Partnership with Aave Marks Key Milestone for World Liberty Financial

First announced by Eric Trump in August, the Ethereum blockchain-based DeFi project has received broad attention within the crypto world. Donald Trump has publicly come forward with support for the project as its “Chief Crypto Advocate.” His sons Eric and Donald Trump Jr. are “Web3 Ambassadors” with his youngest son, Barron Trump, a “DeFi Visionary.”

World Liberty Financial was founded by Zachary Folkman and Chase Herro, two men who were previously behind the DeFi platform Dough Finance. The duo launched a safe DeFi ecosystem while remembering that the past platform these two men worked on was exploited in July for $2 million.

World Liberty Financial has, for one big first push, put forward a proposal to integrate the Aave V3 lending protocol in exchange for governance rights and 7% of its native tokens, called WIFI. The lending pool would use USDC, USDT, ETH, and WBTC- all widely traded cryptocurrencies- as collateral.

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