World Liberty Financial, a decentralized financing project (DEFI) supported by the Trump family, completed its second sale of public tokens, raising $ 250 million to investors.
The WLFI was launched on September 16, 2024, in order to promote DEFI and the stablecoins set for the US dollar. The project is approved by President Donald Trump and his sons – Eric, Donald Jr. and Barron – who positioned him as a step towards financial innovation and a distance from traditional banking services.
The company has now raised around $ 550 million by selling 25% of the total crypto asset offer. Its first sale of tokens, which opened its doors on October 15, 2024, brought around $ 300 million to the company by selling $ 20 billion WLFI tokens for $ 0.015 each.
On January 20, the company announced another series of token sales “due to massive demand and overwhelming interest”, offering 5 billion tokens to $ 0.05 each – a price increase of 230% compared to the first sale. The sale, completed on March 14, has achieved its full objective of $ 250 million.
WLFI has raised more than $ 590 million since its launch
Even before sales of public tokens, the company had attracted the investments of Crypto leaders. On November 25, 2024, the founder of Tron Justin Sun announced an investment of $ 30 million in WLFI. Etherscan data show that Sun received 2 billion WLFI tokens in return at $ 0.015 per part.
On January 27, the web investment platform3port announced an investment of $ 10 million in the Crypto project. The company said it provided for additional purchases and explores a “long -term partnership” with the DEFI project.
On February 11, the venture capital company Oddiyana Ventures announced a strategic investment in World Liberty Financial. However, the company did not reveal how it has invested.
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WLFI faces community concerns concerning legitimacy and the business model
While the company has collected more than half a billion dollars, some members of the cryptographic community have expressed concerns as to whether it offers innovation or is only a other cash seizure.
In a post X, Mike Dudas, a general partner of 6MV, said that the project was a “Pay-to-Play” program, not a DEFI gateway that would present new users in Crypto.
Andre Cronje, the creator of finance and the co -founder of Sonic Labs, also called into question the high costs and the reinvestment strategies of the company. The executive said that the company simply extracts the value of cryptographic companies rather than providing public service.
WLFI did not publicly discuss these criticisms.
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