World Liberty Financial, backed by U.S. President Donald Trump and his sons, is concluding the sale of its WLFI tokens. Over 96% have been sold after a slow start in October.
WLFI Token Sale
According to the project's website, more than 24 billion WLFI governance tokens have been sold, leaving less than 1 billion available. Token holders will have the ability to propose and vote on platform changes post-launch.
Support from Justin Sun
The project has secured backing from Chinese crypto entrepreneur Justin Sun, who invested $30 million in November and joined as an advisor. Sun is known for his involvement in high-profile blockchain startups and is currently based in Geneva.
World Liberty's Future Plans
World Liberty is actively building a 'strategic reserve' by purchasing various crypto assets, including Sun-related tokens.
The WLFI token sale has significantly exceeded expectations, raising over $1.25 billion. Monitoring the project's future actions will be vital to understand its impact on the cryptocurrency market.
