Donald Trump-backed World Liberty Financial has confirmed the WLFI token and invited accredited investors to join its whitelist.
The whitelist is a list of approved participants who will have access to the DeFi project’s listings or future offerings.
With a month to go until the November US presidential election, Donald Trump's crypto coin is receiving plenty of media coverage.
Donald Trump, former US President and once again a presidential candidate for November’s election, is back in the news with his World Liberty Financial crypto coin. The DeFi project is reportedly endorsed by the Trump family and being built on the Ethereum blockchain.
Critics in the crypto ecosystem say the project is similar to the DeFi lending protocol Aave and that the associated ambassadors and executives have been associated with crypto projects previously.
World Liberty Financial made an official announcement to inform users of the open whitelist for accredited investors based in the US and overseas. An accredited investor is one who typically makes at least $200,000 per year in income and has a liquid net worth of at least $1 million. This means that only wealthy individuals can currently join the whitelist.
While the project uses the term “everyday American” to describe the users who can access the platform, the criteria limits the list to millionaire investors.
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