Former President Donald Trump made headlines on Sept. 30 with the launch of World Liberty Financial’s (WLFI) whitelist process, emphasizing his commitment to “make America great again” through the use of cryptocurrency.
To gain early access to WLFI, users are required to undergo a know-your-customer (KYC) process in order to be added to the whitelist. It is important to note that WLFI currently has no plans to introduce a native token, and being on the whitelist does not guarantee participation in any token offerings in the future. However, should a token be introduced, those who have completed the KYC process will have access to it.
The whitelist process is open to accredited US investors as well as non-US individuals. Unfortunately, US retail investors are currently unable to participate due to regulatory constraints within the country. WLFI’s team is actively working to address these limitations, citing outdated policies and regulations as the primary obstacle.
The KYC process involves providing wallet information, submitting a government-issued ID scan, and undergoing a liveness check via camera. US users must also verify their status as accredited investors. WLFI has not specified a timeline for processing whitelist applications.
Since the whitelist announcement, three fake versions of the WLFI token have emerged, as reported by DEX Screener.
WLFI, founded by Eric Trump and Donald Trump Jr., has received support from their father, former President Trump, in their DeFi venture. The platform has collaborated with Aave, a prominent money market protocol, with a focus on maintaining the dominance of the US dollar in the global financial system through stablecoins.
The platform has recently expanded its team of advisors, welcoming Matthew Morgan, CEO of blockchain gaming platform Mixie AI, and Ryan Fang, founder of Tomo Wallet and co-founder of blockchain services provider Ankr.
In conclusion, WLFI’s whitelist process marks a significant step in the platform’s development, with a strong emphasis on compliance and regulatory transparency. The platform’s commitment to leveraging stablecoins to bolster the US dollar’s position in the global financial landscape underscores its strategic vision for the future.