World Liberty Financial, a cryptocurrency platform backed by President Donald Trump, is actively seeking blockchain teams to participate in “token swap” deals, people familiar with the matter said.
Representatives from World Liberty Financial approached blockchain projects with an offer: purchase at least $10 million worth of unissued WLFI tokens for a 10% fee, and in return, World Liberty Financial would purchase an equivalent amount of the blockchain’s native token.
In a message from a World Liberty Financial representative, it was stated that WLFI tokens will be transferred at a fully diluted valuation (FDV) of $1.5 billion, representing the theoretical total value of the token offering. The platform itself will be launched in Q3 of this year with the same FDV.
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According to the message, the minimum purchase for a token swap partnership will be $10 million, and there will be no vesting period for the tokens. However, a second blockchain project source confirmed that an investment of $15 million will receive preferential treatment from World Liberty Financial, although the minimum is $10 million.
President Trump began promoting World Liberty Financial during his campaign last year. Currently, the platform’s website only allows users to purchase the upcoming WLFI token. So far, approximately 24 billion WLFI tokens have been sold at $0.05 each, totaling an estimated $1.2 billion.
Chinese crypto entrepreneur Justin Sun has claimed that TronDAO has purchased $75 million worth of WLFI tokens. While the project’s board of directors is officially only occupied by Trump’s son Eric Trump, the Trump family has a significant financial stake. A company with ties to the Trump family holds 60% of the project’s equity, 75% of the WLFI token sale fee revenue, and 22.5 billion WLFI tokens worth around $1.1 billion at public sale prices.
*This is not investment advice.
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