Key takeout
- World Liberty Financial raised $550 million from a Trump-backed token sale.
- The decentralized finance platform will use funds for development and expansion.
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World Liberty Financial (WLFI), a DEFI project approved by President Donald Trump and his sons, has secured $550 million in token sales today Funds, According to an update on the official WLFI website.
Launched last September, WLFI focuses on promoting decentralized finance and stable rocks on the US dollar page to maintain dollar excellence in global finance. Its core feature is a similar Defi Lending platform to Aave, which runs on Ethereum. Blockchain and Support Bitcoin, Ethereum, and Stubcoin.
WLFI, the project's governance token, began public sales on October 15th with the goal of raising $300 million. The initial sale was 20 billion tokens, with a price of $0.015 each. It was Limited to whitelisted individuals.
However, the initial sales were poorly performed, raising just $11 million from Sale of 766 million tokens. Due to weak demand, the team reduced its target to $30 million.
The token sale comes in order following the release of the official Trump (Trump), official Trump tokens and Melania Meme (Melania). The success of these meme coins has led to increased interest Trump-related crypto space, Includes WLFI.
World Liberty Financial's first token sale By January 20th, it was closed and 20% of the token supply was on sale.
Seeing the rise in demand, the project released an additional 5 billion WLFI tokens on January 20th, with a price of $0.05 each. By March 13th, 99% of the additional tokens were on sale.
WLFI owners are welcome to participate Decisions related to the WLF protocol. Tokens cannot be transferred first It's been 12 months since its release.
The project is head-on by Donald Trump's sons, Eric and Donald Trump Jr., with Baron Trump designated as “Foresight of Duty.” However, the project's white paper explicitly states that the Trump family does not own or control the project, but it may be compensated.
Tron founder Justin Sun is one of the biggest WLFIs Investor. Sun purchased a $30 million worth of World Liberty Financial (WLFI) token slow Last November, he became the largest investor in the project at the time.
Then, on January 19th, he increased his investments. addition He went to $45 million and his total stake to $75 million.
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