While US presidential candidate Donald Trump came to the fore with his support for Bitcoin and cryptocurrencies, he announced his own cryptocurrency project.
Trump-backed DeFi project World Liberty Financial has opened KYC verification on its official website.
KYC Opened for WLFI Token!
World Liberty Financial, the Trump family's crypto project, announced on its official website that they have launched KYC (Know Your Customer) verification.
Accordingly, World Liberty Financial stated that they have initiated the KYC verification process for investors who want to purchase the WLFI governance token and that this should only be done by accredited investors in the USA.
World Liberty Financial said users must complete KYC to access additional information about token sales, and only accredited investors will have access to them.
At this point, accredited investors are required to open KYC for the WLFI token sale.
“Additional information regarding the World Liberty Financial (WLFI) token sale is intended to be made available only to those who have pre-qualified by completing the KYC process.
This information is intended to be provided only to persons who have been verified as U.S. accredited investors. This page is not intended as an offer to sell tokens or a solicitation of an offer to buy tokens in any jurisdiction.”
Former President Trump confirmed during a livestream on the X on September 16 that World Liberty Financial will sell a non-transferable governance token called WLFI and that participation will be limited to accredited investors. According to the statement, the distribution of WLFI will be as follows: 63% to be sold to the public, 17% for user rewards and 20% for the team.
“Know Your Customer” or KYC verification is the process of verifying a customer’s identity to prevent illegal activities such as money laundering and fraud.
*This is not investment advice.