World Liberty Financial 'WLFI' Token Sale to Be Regulated by US SEC
CryptoNewsTerminal Staff16 Sep, 2024
World Liberty Financial 'WLFI' Token Sale to Be Regulated by US SEC
World Liberty Financial's WLFI Token Sale to Be Regulated by US SEC World Liberty Financial (WLFI) recently announced that its upcoming token sale will be regulated by the United States Securities and Exchange Commission (SEC). This move is a significant step for the company as it seeks to increase transparency and credibility in the eyes of potential investors. The WLFI team emphasized that there will be no presale, VC, or seed round, ensuring a fair distribution of tokens. According to the company's whitepaper, 62.66% of the total supply will be distributed through a public sale, while 17.33% will be used for governance and community growth initiatives. The remaining 20% is allocated to the project's team, advisors, and other stakeholders. All purchasers of WLFI will be subject to KYC (Know Your Customer) standards, which are commonly used by major crypto exchanges like Coinbase and Kraken. This measure is designed to prevent fraud and money laundering. The WLFI token sale is expected to launch soon, though some project details are still subject to change. The company's commitment to SEC regulation and fair distribution is a positive sign for investors looking for a reputable and transparent project.
