World Liberty Financial, a project in decentralized finance backed by Donald Trump, has successfully completed a public token sale round, raising $550 million.
Details of the Latest Sale Round
In the latest round, 5 billion WLFI tokens were sold at $0.05 per token. The initial sale of 20 billion tokens began last October at $0.015 per token. Co-founder Zak Folkman announced plans to sell a total of 63% of the total 100 billion tokens supply.
Project Background and Previous Rounds
Since its launch in September 2024, World Liberty Financial has attracted considerable attention due to Trump's backing. The previous sale round, completed in January, raised $300 million, with the latest round adding $250 million. Interest surged amidst the launch of Trump's family memecoins.
WLFI's Goals and Strategy
World Liberty Financial aims to support US dollar-pegged stablecoins and decentralized financial applications. The project seeks to maintain the dollar's status as the global reserve currency while emphasizing decentralization. WLFI provides token holders with voting rights and the ability to propose governance changes. However, holders are restricted from transferring tokens within the first 12 months post-launch.
The large-scale backing combined with innovative ideas has positioned World Liberty Financial as an ambitious player in the decentralized finance market. The project continues to follow its defined strategy, attracting new investors and expanding its influence.
