World Liberty Financial has refuted claims of WLFI token sales, stating its assets are reallocated as part of its strategic policy.
False Reports of Token Sales
World Liberty Financial issued a statement denying reports of plans to sell WLFI tokens worth at least $10 million. The announcement followed a Blockworks report suggesting that the project intended to swap tokens for cryptocurrencies with a 10% fee.
Asset Allocation and Operational Strategy
World Liberty Financial explains that its treasury strategy involves asset reassignment rather than token sales. The company maintains $373 million in cryptocurrency assets, primarily in Ethereum (ETH) and Wrapped Bitcoin (WBTC). In January 2023, the company made a $10 million purchase of ETH.
Project Background and Criticism
The World Liberty project was launched before the 2024 U.S. presidential election, offering users the ability to earn interest and borrow in crypto assets. As of January 2024, it had sold 20 billion tokens worth $300 million. Tron founder Justin Sun provided $75 million in support, yet the project has faced criticism from figures like Mark Cuban and Anthony Scaramucci.
World Liberty Financial continues to address the criticism, emphasizing the importance of transparency in its asset reallocation strategy for long-term goals.
