{"id":125060,"date":"2025-03-14T09:16:51","date_gmt":"2025-03-14T09:16:51","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125060"},"modified":"2025-03-14T09:16:51","modified_gmt":"2025-03-14T09:16:51","slug":"trump-backed-world-liberty-financial-nets-550m-in-token-sales","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125060","title":{"rendered":"Trump-backed World Liberty Financial nets $550M in token sales"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsWorld Liberty Financial, a decentralized finance (DeFi) project backed by the Trump family, has completed its second public token sale, raising $250 million from investors.<br \/>\nWLFI launched on Sept. 16, 2024, with the goal of promoting DeFi and stablecoins pegged to the US dollar. The project is endorsed by President Donald Trump and his sons \u2014 Eric, Donald Jr. and Barron \u2014 who have positioned it as a step toward financial innovation and a shift away from traditional banking.<br \/>\nThe company has now raised about $550 million by selling 25% of the crypto asset\u2019s total supply. Its first token sale, which opened on Oct. 15, 2024, netted the company about $300 million by selling 20 billion WLFI tokens for $0.015 each.\u00a0<br \/>\nOn Jan. 20, the company announced another round of token sales \u201cdue to massive demand and overwhelming interest,\u201d offering 5 billion tokens at $0.05 each \u2014 a 230% price increase from the first sale. The sale, completed on March 14, met its full target of $250 million.<br \/>\nWLFI raised over $590 million since launch<br \/>\nEven before the public token sales, the company had been attracting investment from crypto executives. On Nov. 25, 2024, Tron Founder Justin Sun announced a $30 million investment in WLFI. Etherscan data shows Sun received 2 billion WLFI tokens in return at $0.015 a piece.\u00a0<br \/>\nOn Jan. 27, investment platform Web3Port announced a $10 million investment into the crypto project. The company said it plans additional purchases and is exploring a \u201clong-term partnership\u201d with the DeFi project.\u00a0<br \/>\nOn Feb. 11, venture capital firm Oddiyana Ventures announced a strategic investment in World Liberty Financial. However, the company did not disclose how much it invested.\u00a0<br \/>\nRelated: Democrat lawmaker urges Treasury to cease Trump\u2019s Bitcoin reserve plans<br \/>\nWLFI faces community concerns over legitimacy and business model<br \/>\nWhile the company has raised over half a billion dollars, some crypto community members voiced concerns about whether it offers innovation or is just another cash grab.\u00a0\u00a0<br \/>\nIn an X post, 6MV managing partner Mike Dudas said the project was a \u201cpay-to-play\u201d scheme, not a DeFi gateway that would introduce new users to crypto.\u00a0<br \/>\nYearn.finance creator and Sonic Labs co-founder Andre Cronje also questioned the company\u2019s high fees and reinvestment strategies. The executive said the company simply extracts value from crypto firms rather than providing utility.\u00a0<br \/>\nWLFI has not publicly addressed these criticisms.<br \/>\nMagazine: Trump\u2019s crypto ventures raise conflict of interest, insider trading questions<a href=\"https:\/\/cointelegraph.com\/news\/world-liberty-financial-token-sales-550-million?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsWorld Liberty Financial, a decentralized finance (DeFi) project backed by the Trump family, has completed its second public token sale, raising $250 million from investors. WLFI launched on&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125060"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125060"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125060\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125060"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}