World Liberty Financial completed its first token sale with a 230% increase due to high demand, drawing substantial investments.
Completion of Initial Token Sale
On January 20, World Liberty Financial announced selling 20% of its total token supply. Due to high demand, an additional 5% of tokens was released at $0.05 each, aiming to raise $250 million.
Justin Sun's Role and Future Plans
The platform launched in September 2024, initially planning to sell 20 billion out of 100 billion total WLFI tokens. TRON founder Justin Sun, the project's largest investor, increased his investment by another $45 million, bringing his total contribution to $75 million.
Integration of sUSDe by Ethena Labs
WLFI is considering a proposal from Ethena Labs to integrate its synthetic dollar, sUSDe, into its platform. The sUSDe stablecoin, backed by leveraged Bitcoin and staked Ethereum, offers additional liquidity and yield enhancements for users.
World Liberty Financial demonstrated substantial interest from investors and successfully embarked on significant plans despite initial sale challenges.
