World Liberty Financial (WLFI), the decentralized finance (DeFi) project backed by US President Donald Trump, has completed its latest public token sale round, raising $550 million.
Trump-Backed World Liberty Financial Raises $550 Million in Public Token Sale
According to data from ICO Drops, the project has currently raised a total of $590 million in funding, including private rounds.
In the latest round, 5 billion WLFI tokens were sold at $0.05 per token, following an initial sale of 20 billion tokens at $0.015 per token last October.
WLFI co-founder Zak Folkman announced that 63% of the total supply of 100 billion tokens will be sold to the public, hinting at more sales in the future.
Initially, demand for WLFI’s native token was moderate, but interest increased following the launch of Trump and Melania Trump’s memecoins, drawing wider interest to the project.
The previous token sale, which concluded in January, raised $300 million, while the latest round added another $250 million.
Tron founder Justin Sun announced a $30 million investment in WLFI last November, leading to his appointment as an advisor
Launched in September 2024, World Liberty Financial focuses on supporting dollar-pegged stablecoins and DeFi applications. The project aims to preserve the US dollar’s status as the global reserve currency while preserving the benefits of decentralization.
The WLFI token grants holders voting rights and the ability to propose governance changes. However, the token does not confer a financial interest in any organization and holders are restricted from transferring WLFI tokens for the first 12 months after launch.
While the project’s website names Donald Trump as its chief crypto advocate and includes Eric Trump, Donald Trump Jr., and Barron Trump as members, the white paper states that the Trump family does not own or manage the project.
*This is not investment advice.
Continue Reading: Donald Trump-Backed Project World Liberty Financial (WLFI) Completes Public Token Sale! How Many Tokens Were Sold? Here Are the Details
