World Liberty Financial, a decentralized finance project (DEFI) supported by Trump’s family, completed the second public sale of tokens, collecting $ 250 million from investors.
WLFI started on September 16, 2024 to promote DEFI and Stablecouins set to the American dollar. The project is supported by President Donald Trump and his sons – Eric, Donald Jr. And Barron – who took him as a step towards financial innovation and departure from classic banking.
The company has now raised about $ 550 million, selling 25% of the total supply of cryptographic assets. The first sale of token, which was opened on October 15, 2024, brought a company about $ 300 million, selling $ 20 billion of WLFI tokens for $ 0.015.
On January 20, the company announced the next round of selling tokens “due to huge demand and overwhelming interest”, offering 5 billion tokens each $ 0.05 for each – price enhance by 230% compared to the first sales. Sale, completed On March 14, he achieved a full goal of $ 250 million.
WLFI collected over $ 590 million from the premiere
Even before public sale of tokens, the company attracted investments of cryptographic managers. On November 25, 2024, the founder of Tron Justin Sun announced an investment of $ 30 million in WLFI. Etherscan data show the sun received 2 billion WLFI tokens in exchange for $ 0.015 per item.
January 27 Web3Port investment platform announced Investment $ 10 million in a cryptographic project. The company said that it is planning additional purchases and is investigating a “long -term partnership” with a DEFI project.
February 11 Venture Capital Oddiyana Ventures announced Strategic investment in World Liberty Financial. However, the company did not reveal how much it has invested.
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WLFI is facing the community’s fears of the ID card and business model
While the company collected over half a billion dollars, some members of the cryptographic community expressed concerns about whether it offers innovations or is another cash grip.
In post X 6MV, managing partner Mike Dudas said that the project was the “Pay-to-Play” program, not the DEFI gate, which would introduce recent users to Crypto.
Gorn.Finance Creator and co -founder of Sonic Labs, Andre Cronje, also questioned high fees and strategies of the company’s reinvestment. The manager said that the company simply separates the value of cryptographic companies, not ensuring usefulness.
WLFI could not cope with this criticism.
https://www.youtube.com/watch?v=6Unogdvqwre
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