World Liberty Financial, the cryptocurrency platform backed by US President Donald Trump and his sons, is nearing the completion of its WLFI token sale with more than 96% of tokens sold after a lackluster start four months ago.
According to data displayed on the project’s website, more than 24 billion WLFI governance tokens have been sold, leaving less than 1 billion remaining. Token holders will have the ability to propose and vote on changes to the platform after the launch.
The token sale, which began in mid-October, aimed to raise $300 million through its initial offering at a valuation of $1.5 billion. However, with each WLFI token priced at 5 cents, the total funds raised has now surpassed $1.25 billion, far exceeding initial estimates.
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The project has also received backing from Chinese crypto entrepreneur Justin Sun, who invested $30 million in November and joined as an advisor. Currently listed as based in Geneva, Sun has a history of involvement in high-profile blockchain startups.
World Liberty is also actively building a “strategic reserve” by purchasing various crypto assets, including Sun-related tokens.
*This is not investment advice.
Continue Reading: Donald Trump’s Cryptocurrency Project Reached an Important Milestone: Sold Over 96 Percent of Tokens – What Will Happen Now?
