- World Liberty Financial (WLFI) raised $550 million from two token sales, with over 85,000 investors participating after completing KYC verification.
- The DeFi platform, inspired by Donald Trump, attracted major backers like Tron founder Justin Sun, who invested $75 million, highlighting confidence in decentralized finance.
What happened: Trump inspired World Liberty Financial raises $550 million through token sales
World Liberty Financial, Inc. (WLFI), a decentralized finance (DeFi) protocol inspired by former President Donald J. Trump, has successfully concluded two rounds of token sales, raising a total of $550 million. The initial offering, launched on October 15, 2024, garnered $300 million, followed by a second round that secured an additional $250 million. These sales collectively attracted over 85,000 participants, all of whom underwent Know Your Customer (KYC) verification to ensure compliance and eligibility.
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Why it’s important
The substantial capital raised underscores the growing interest and confidence in DeFi platforms that aim to democratize financial services. WLFI’s successful token sales highlight a significant shift towards decentralized financial solutions, offering users more control and accessibility compared to traditional banking systems. The involvement of high-profile figures, such as Tron founder Justin Sun, who invested $75 million in WLFI tokens, further emphasizes the platform’s potential impact on the evolving financial landscape.
