Last week, TRON made a significant $30 million investment in the World Liberty Financial (WLFI) project, backed by Donald Trump. This event underscores the growing interest in cryptocurrencies within political and financial circles.
TRON's Investment in World Liberty Financial
TRON, a well-known cryptocurrency platform and blockchain ecosystem, acquired World Liberty Financial (WLFI) tokens worth $30 million. This move is associated with efforts to support decentralized applications aimed at boosting the mass adoption of US-pegged stablecoins, in collaboration with the major money market Aave.
Role of Donald Trump and His Family
World Liberty Financial is actively promoted by Donald Trump, who was hired as the Chief Crypto Advocate, and his sons Eric and Barron have become Web3 ambassadors. Despite negative reception from the crypto community, the platform continues its efforts to attract attention and investment.
Financial Prospects and Business Relations
According to the terms mentioned in the platform's 'gold paper,' the company DT Marks DEFI LLC owned by Trump will receive 75% of all profits from World Liberty. As per the documentation, after current investments, the minimum profit for the Trump family is $15 million. Although the investor Sun has not yet met with the Trumps, it is expected that they will discuss potential collaboration options at a conference in Abu Dhabi in December 2024.
TRON's investment in World Liberty Financial, a platform supported by Donald Trump, highlights the expanding role of cryptocurrencies in the global economy. Despite challenges, the project seeks to strengthen its market position through strategic partnerships and active engagement of public figures.
