The Team behind "World Liberty Financial", the Trump Family's New Crypto Project, have unveiled a Key detail: Who can Buy the forthcoming Tokens it plans to Release, and how Shares will be Allotted.
20% percent of the Project's Tokens will be Allotted to the Founding Team, 17% of Tokens will be set aside for User Rewards, and the remaining 63% of the Coins will be available for the Public to Purchase. There will be No Pre-Sales or Early Buy-Ins.
Lofty Goals set by those involved in the Project on Monday night's X space, suggest that World Liberty Financial will be a sort of Crypto Banking Platform, where the General Public will be encouraged to Borrow, Lend, and Invest in Crypto. There will also be an accompanying Token called WLFI.
The Token will be a Reg D Token offering, which follows the Securities and Exchange Commission's (SEC) Regulation D, a Provision that makes it possible for a Company to raise Capital without first Registering their Securities with the SEC so long as certain Conditions are met.
Several High Profile figures in the Industry take issue with SEC Chair Gary Gensler, claiming that Hhe is Regulating the Industry through Enforcement Actions, rather than via Rules.
Over the course of Trump's 40-minute Fireside Chat at the Top of the more than Two-hour Livestream, He talked about how He "wasn't overly interested" in Crypto initially. But that Changed, He said, when Sales of His Trump Trademarked Nnonfungible Token Collections were Paid for with Crypto. "I think my children opened my eyes more than anything else." "Crypto is one of those things we have to do," Trump said near the End of His Remarks. "Whether we like it or not, we have to do it."
Anyone who wanted Mmaterial Details of the Platform, including the White Paper, was asked to Sign a Non-Disclosure Agreement.
Some have also said they are Concerned that Trump's Foray into Crypto, could Jeopardize Trump's Rapport with the Sector, especially if the Launch doesn't go as Planned.
Founders offered Scant Details on Monday, about any Future Timelines for the Project, saying only that New Information will be Shared on Official Social Media Channels, and Warning Not to Fall for Scams.
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