Ah, the sweet smell of capitalism! Donald Trump, the man who once claimed he could shoot someone on Fifth Avenue and still not lose voters, has now backed a protocol that’s raked in a staggering $550 million in its token sale. That’s right, folks, World Liberty Financial is the new kid on the block, and it’s already throwing around money like it’s confetti at a parade. 🎉
World Liberty Financial, a decentralized finance project that’s practically wearing a “Trump Family Approved” sticker, has managed to secure this jaw-dropping amount by selling its WLFI tokens. According to the ever-reliable ICO Drops (because who doesn’t trust a website with “drops” in the name?), this brings their total funding to nearly $600 million. I mean, who needs a lemonade stand when you can just sell tokens, right? 🍋💰
Now, with this latest funding round, the project’s valuation is rumored to be over $1.5 billion. Earlier whispers suggested they were aiming for a modest $300 million. So far, since November 2024, they’ve raised a whopping $590 million, thanks to a generous $30 million from Justin Sun, the China-born TRON founder. I guess he really believes in the power of “Make America Great Again” — one token at a time! 🇺🇸
But wait, how many tokens were actually sold? The mystery deepens! Earlier reports hinted that World Liberty Financial might sell up to 20% of the token supply. However, co-founder Zak Folkman took to X (formerly Twitter, because rebranding is all the rage) to announce that over 60% of the supply would be sold to the public. Meanwhile, 17% is reserved for user rewards, and 20% is for the team. Because, you know, someone has to pay for the fancy office coffee! ☕️
In mid-February, crypto.news reported that World Liberty Financial sold over 24 billion tokens. Yes, billion with a “B.” That leaves around 950 million tokens still up for grabs. When the project kicked off in September 2024, they initially planned to offer just 20% of their 100 billion WLFI tokens. Talk about a change of heart! 💔
“We’ve completed our mission and sold 20% of our token supply! Due to massive demand and overwhelming interest, we’ve decided to open up an additional block of 5% of token supply. Please be patient while our team works to relaunch the sale. We’ll share updates here as soon as…”
— WLFI (@worldlibertyfi) January 20, 2025
But hold your horses! With the rapid uptake of tokens at ever-increasing price points, it seems the platform has decided to extend its token sale. Because why not? “Due to massive demand and overwhelming interest,” they announced on January 20, they’re opening up an additional 5% of token supply. It’s like a never-ending sale at your favorite store, except this time, the price is going up! 🛒💸
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2025-03-14 13:08