World Liberty Financial, a decentralized financial project (DEFI) supported by the Trump family, has completed a second public token sale, which increases $ 250 million from investors.
Wlfi Launched on September 16, 2024with the aim of promoting the Defi and Stablecoins that have been in the US dollar. The project is sponsored by President Donald Trump and his children Eric, Donald Jr. and Barron – which has been positioned as a step toward financial change and a transition from traditional banking.
The company has now raised about $ 550 million by selling 25% of the total crypto asset supply. Its first token sale, which Opened on October 152024, the company was about $ 300 million by selling 20 billion WLFI tokens for $ 0.015 each.
On January 20, the company announced another token sales “Due to massive demand and excessive interest,” which offers 5 billion tokens to $ 0.05 each – an increase of 230% price increase from the first sale. The sales, completed On March 14th, its entire target achieved $ 250 million.
WLFI has raised more than $ 590 million since launched
Even before the sale of the public token, the company was attracting investment from crypto executives. On November 25, 2024, Tron founder Justin Sun announced a $ 30 million investment In WLFI. Ethercan data shows the day received 2 billion WLFI tokens in exchange for $ 0.015 a piece.
On January 27, the web3port investment platform announced A $ 10 million investment in the crypto project. The company said it planned additional purchases and explored a “long -term collaboration” with the Defi Project.
In Feb. 11, the Venture Capital Firm Oddiyana Ventures announced A strategic investment in World Liberty Financial. However, the company does not disclose how much invested.
Related: Democrat lawmaker urges Treasury to stop Trump’s Bitcoin reserve plans
WLFI faces community concerns about legitimacy and business model
While the company has raised more than half a billion dollars, some members of the crypto community have expressed concerns about whether it offers a change or another cash grab.
In an X post, 6MV Managing Partner Mike Dudas said the project was a “pay-to-play” scheme, not a defi gateway that Introduce new users to crypto.
The creator of the year.Finance and co-founder of Sonic Labs Andre Cronje also asked the company’s high fees and resurgence techniques. The executive said the company is only taking value from crypto companies rather than providing utility.
WLFI did not discuss these criticism.
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