World Liberty Financial successfully concluded its token sale, raising $550 million across two rounds, with a substantial portion to benefit a Trump-associated project.
Conclusion of World Liberty's Token Sale
World Liberty Financial concluded its token sale, raising a total of $550 million in two rounds. The first round generated $300 million from the sale of 20 billion tokens at $0.015 each, while the second raised $250 million from 5 billion tokens priced at $0.05 each. Justin Sun was noted as the largest individual investor.
Connections to Trump Projects
A significant portion of the proceeds, 75% or $390 million, will be allocated to DT Marks DEFI LLC, associated with Donald Trump. This arrangement highlights key discussions around governance and financial distribution.
Restrictions and Future Steps
WLFI tokens will not be publicly tradable for the next year, with certain restrictions for holders. Accredited U.S. investors were the primary participants. This decision is aimed at ensuring regulatory compliance and investor protection. Experts suggest that the token's non-tradability could stabilize its value amid market fluctuations.
World Liberty's project reveals new opportunities for the industry, despite upcoming restrictions. The token sale's success attracted attention from both investors and regulators.
