- WLFI also brought in $550 million in two token sale rounds, and over 85,000 investors proceeded to undergo KYC.
- Trump and his shareholders will receive 75% of the net income as they earn $390 million after expenses for leveraging his image and name.
- WLFI is building a robust digital asset reserve and collaborating with leading blockchain firms like Chainlink, Sui, and Aave to expand its DeFi ecosystem.
World Liberty Financial, WLFI a crypto firm owned by Donald Trump, raised $550 million during the second token sale round. It received $300 million in its first sale during October 2024 and then $250 million in the second round. More than 85,000 individuals went through the KYC procedure to invest in the sales conducted in both domestic and global markets.
Trump’s Role and Financial Gains
Even though Trump is not directly engaged in operating the project, he and his business partners will get 75% of its net revenue, including profits from the sales of WLFI tokens.
After subtracting $30 million for costs, they will get $390 million for permitting the project to utilize Trump’s name and image in marketing. He also mentioned that the present token offerings are merely the tip of the iceberg with additional innovation and development projects underway.
WLFI, in the past few months, has collaborated with top blockchain institutions such as Ondo Finance, Ethena, Chainlink, Sui, and Aave.
Though information regarding the DeFi project is not disclosed, it has been buying up cryptocurrencies including Ethereum and Tron. Justin Sun, is also a backer of the project. Co-founder of the project, Zach Witkoff, expects WLFI to redefine the DeFi landscape and introduce significant changes in global finance.
WLFI financial stabilization
All these collaborations are intended to make its network stronger and assist in launching a platform that will provide digital finance to an increasing number of individuals.
The project is creating a solid portfolio of cryptocurrencies like Bitcoin, Ethereum, Tron, Chainlink, Sui, and Ondo tokens to help in keeping up with its long-term objectives.
WLFI is determined to use its financial plan in stabilizing its treasury, supporting promising blockchain initiatives, and growing its ecosystem. The project is committed to building innovative opportunities and promoting innovation within the emerging DeFi ecosystem.
Through strategic partnerships and innovative technology, it aims to construct a more inclusive financial future.
