World Liberty Financial, a decentralized finance (DEFI) project backed by the Trump family, has completed its second public token sale, raising $250 million from investors.
wlfif Launched on September 16, 2024aiming to promote Defi and Stablecoins pegged to the US dollar. The project was recognized by President Donald Trump and his sons Eric, Donald Jr. and Barron.
The company now raises about $550 million by selling 25% of the total supply of cryptocurrency assets. Its first token sale, of which Open on October 15In 2024, the company made about $300 million in sales of $20 billion in WLFI tokens at $0.015 per person.
On January 20, the company Another round of token sale announced “Due to the huge demand and overwhelming interest,” the 5 billion tokens priced at $0.05 per person, a 230% increase over the first sale. sell, Complete On March 14, the full target of $250 million was reached.
WLFI has raised over $590 million since its launch
Even before public token sales, the company has been attracting investment from crypto executives. On November 25, 2024, Tron founder Justin Sun Announced a $30 million investment In WLFI. etherscan data shows sunlight Received 2 billion WLFI tokens are rewarded at $0.015 per piece.
On January 27, the investment platform Web3Port Announce A $10 million investment in crypto projects. The company said it plans to make other purchases and is exploring a “long-term partnership” with the Defi project.
On February 11, venture capital firm Oddiyana Ventures Announce Strategic investment in world free finance. However, the company did not disclose how much it invested.
Related: Democratic lawmakers urge Treasury to stop Trump’s Bitcoin reserve plan
WLFI faces community concerns about legitimacy and business model
Although the company has raised more than $500 million, some crypto community members have expressed concern about whether it offers innovation or just another cash rush.
In X post, 6MV execution partner Mike Dudas said the project was a “paid” plan, not a Defi Gateway Introduce encryption to new users.
Yearn.Finance Creator and Sonic Labs co-founder Andre Cronje also questioned the company’s high fees and reinvestment strategies. The company said it simply extracts value from cryptocurrency companies, rather than providing utilities.
WLFI has not publicly addressed these criticisms.
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