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 bigger than 96% of tokens offered after a lackluster start four months ago.
In accordance with data displayed on the mission’s web residence, bigger than 24 billion WLFI governance tokens have been offered, leaving now no longer as a lot as 1 billion excellent. Token holders will have the selection to point out and vote on modifications to the platform after the originate.
The token sale, which started in mid-October, aimed to lift $300 million by means of its initial offering at a valuation of $1.5 billion. Nevertheless, with every WLFI token priced at 5 cents, the total funds raised has now surpassed $1.25 billion, a long way exceeding initial estimates.
The mission has additionally obtained backing from Chinese language crypto entrepreneur Justin Sun, who invested $30 million in November and joined as an advisor. Currently listed as essentially based mostly in Geneva, Sun has a historical past of involvement in excessive-profile blockchain startups.
World Liberty is additionally actively constructing a “strategic reserve” by buying various crypto assets, including Sun-linked tokens.
*Here’s now no longer funding advice.
