# Trump's World Liberty Financial Opens KYC Verification

*Author: David Christopher*
*Published: Sep 30, 2024*
*Source: https://www.bankless.com/de/trumps-world-liberty-financial-opens-kyc-verification*

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Trump-backed World Liberty Financial has opened up Know Your Customer (KYC) verification on its official website for its upcoming public token sale. 

## What's the Scoop?
- **KYC Purpose: **According to the [homepage](https://www.worldlibertyfinancial.com/), information about the project is only accessible to those completing the KYC process. In the U.S., only accredited investors will be eligible.
- **Token Details: **It was confirmed that World Liberty Financial will issue a non-transferable governance token, WLFI. Token distribution includes 63% to the public, 17% for rewards, and 20% for team compensation.

## Bankless Take:
While we’re inching closer to World Liberty Financial’s launch, we’re inching closer to the election too. With the majority of crypto seeing WLFI as a net negative to Trump’s chance to win and potentially impeding bipartisan progress for crypto if he doesn’t, the KYC launch does little except heighten anxieties. Regardless, with less-than-desirable tokenomics, it will be interesting to see how much funding WLFI accrues for its non-transferable token sale. 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/09/image-2.png)](https://www.worldlibertyfinancial.com/)