Last updated on January 31st, 2025 at 06:34 am
World Liberty Financial (WLFI), a decentralized finance platform backed by Donald Trump, has completed its initial token sale and a new offering at a 230% price increase due to heightened demand.
On January 20, World Liberty Financial announced via X that it had sold 20% of its total token supply. Due to high demand, the company released an additional 5%. These extra 5 billion tokens, priced at $0.05 each, are expected to raise $250 million.
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
The platform launched in September 2024, initially aiming to sell 20 billion of its total 100 billion WLFI tokens. Although the first sale faced early challenges and excluded U.S. retail investors, it priced the tokens at $0.015 and successfully raised $300 million.
Justin Sun, the founder of Tron and the project’s largest investor, has further strengthened the initiative. On January 19, Sun announced an additional investment of $45 million, bringing his total contribution to $75 million.
The WLFI token, which is governance-focused, is non-transferable and cannot be sold. It gives holders voting rights on upcoming decentralized crypto trading platform proposals.
WLFI is currently assessing a proposal from Ethena Labs to integrate its staked synthetic dollar into WLFI’s Aave-powered platform. This synthetic dollar, known as sUSDe, is a stablecoin pegged to the U.S. dollar and supported by leveraged Bitcoin and staked Ethereum positions. By incorporating sUSDe, users will benefit from increased liquidity, a broader range of collateral options, and enhanced yield opportunities.
Notably, World Liberty Financial (WLFI) has clarified that its recent crypto transactions were routine treasury management activities, not token sales. The reallocations were intended to cover operational costs and ensure functionality. As of the latest update, WLFI has sold 5.36 billion of its initial 20 billion tokens, leaving 14.645 billion available for purchase. Investors can use Ethereum, USDC, Tether, or Wrapped Ether for their allocations.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
