According to the latest announcement by World Liberty Financial on Monday, the Ethereum-based Decentralized Finance project has successfully completed its second round of selling native tokens. The report further states that the project has earned roughly $550 million from its first and second token sales.
Donald Trump, the president of the US, and his associate partners have earned $390 million from this Decentralized Finance project based on Ethereum. They have earned approximately 75% of the total amount. The report says that Donald Trump was responsible for promoting the project and hence claimed the big share, which totaled $550 million.
Donald Trump, The Promoter of World Liberty
World Liberty Financial (WLFI) is a cryptocurrency launched in 2024 and is backed by Donald Trump and his associate members. Back in October 2024, the WLFI project completed its first round and raised up to $300 million. In its next round which happened on March 14, the project earned $250 million. From the combined sale, World Liberty Financial raised a total figure of $550 million.
Donald Trump, the active prompter of World Liberty took a big share for actively encouraging the token sale. He claimed to earn a reward of $390 from the total earned amount. Not only he but also his sons, Donald Trump Jr. and Eric Trump, managed the platform.
World Liberty’s Gold Paper Highlights
The Gold Paper of World Liberty states that the project earned a total of $550 million from its first and second-round WLFI token sale. Out of this total sale, $30 million is set aside to pay and manage the company’s overall costs which include administrative expenses, legal protections, and other financial obligations.
After the set deduction, the project is liable to pay a fixed amount and a percentage to the project’s main prompter and his associate partners. However, Donald Trump and his DT Marks DEFI LLC partners are entitled to claim 75% of this remaining sum, which amounts to approximately $390 million.
Donald Trump is being paid a sum of money for his active participation, the time, name, and image invested. Thus, he made a huge profit ($390 million) from the WLFI token sale.
WLFI Token Sales Rises With Donald Trumps Success
Earlier in October 2024, World Liberty Financial (WLFI) started selling its tokens for the first time and made very low sales. At that time very few buyers found the token appropriate to carry on the purchase. The project ended up making $300 million, but by the next day on October 16, 2024, it had sold about $12 million tokens. Which was way less than 4% of the 20 billion tokens which they earlier planned to sell to the public.
However, when Trump won the presidential election in November 2024, Many crypto leaders found their investing way towards the WLFI tokens. Justin Sun, the founder of Tron blockchain made his first investment in WLFI tokens. He invested a total of tens of millions of dollars, including a $30 million investment. Later, on November 26, 2024, he officially joined the project as an advisor.
Conclusion
World Liberty Financial on Monday made an announcement highlighting its earnings from the WLFI token sale. The project saw a huge rise in its earnings. It made overall $550M which came from its first and second round token sale. The US president and the active prompter of World Liberty Donald Trump and his members received a big share which is 75% of the total amount sold. The gold paper World Liberty Financial states that the prompter will get its said share after deducting the 30 million cost on company expenses.
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FAQs
1. How much did WLFI raise from the first token sales?
WLFI raise roughly $300million from its first-round token sale
2. How much did WLFI raise in total from token sales?
In total, WLFI raise roughly $550 million from its token sale
3. How much did Donald Trump and his partners earn?
Trump and his partners received $390 million.
4. How much did Justin Sun invest in WLFI?
Justin Sun invested tens of millions, including $30 million
5. How did WLFI sales increase?
Token Sales increased after Trump won the 2024 US election
Glossary
World Liberty Financial- It is a cryptocurrency supported by President Trump
Decentralized Finance- A financial system based on blockchain
Ethereum – A blockchain network used by WLFI
Gold Paper – The official document of WLFI
Justin Sun – A founder of Tron blockchain
Sources
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