Zak Folkman, head of operations at World Liberty Financial, the Trump family crypto project, said that the project's token WLFI has no pre-sale, no venture capital and early buying, just like any other DeFi project you can expect to see, the token distribution launched now is very fair, and most of the supply (62.66%) will be distributed in the upcoming token sale, a portion of the net proceeds of this sale will go into the project's multi-signature wallet vault reserve. According to excerpts from the white paper, approximately 17.33% of the WLFI token supply will be dedicated to incentivizing expanded participation in World Liberty Financial governance and other community development initiatives, with the remaining 20% allocated to the project team, advisors, and future employees. The undisclosed portion of the WLFI will be allocated to the WLF Foundation, affiliates of the Trump Organization, and the Witkoff Group. The project team also revealed that the sale of WLFI will be regulated by the Securities Exchange Commission (SEC), and all purchasers of WLFI will be screened under the same "Know Your Customer" (KYC) criteria as U.S. cryptocurrency exchanges such as
Coinbase and Kraken.
The Securities Exchange Commission defines an accredited investor as an individual with financial experience who earned $200,000 in one of the past two years, or earned an equivalent amount of $300,000 jointly with their spouse or spouse in the past two years, with or without a spouse, with or without a net worth of $1 million, or who is a broker or financial professional.