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Important Turning Point Reached in Donald Trump's Crypto Project: 96 Percent Complete! What's Next Now?
The cryptocurrency platform World Liberty Financial, supported by US President Donald Trump and his sons, is about to complete the sale of WLFI tokens with the sale of more than 96% of the tokens following a sluggish start four months ago.
According to the data shown 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 opportunity to propose changes and vote on the platform after it is launched.
The token sale, which started in mid-October, aimed to raise a total of $300 million through the initial offering at a valuation of $1.5 billion. However, with each WLFI token priced at 5 cents, the total funds raised exceeded $1.25 billion, far surpassing initial estimates.
The project received support from Chinese crypto entrepreneur Justin Sun, who invested $30 million in November and also joined as an advisor. Sun, currently listed as based in Geneva, has a track record of involvement in high-profile blockchain ventures.
World Liberty also actively creates a 'strategic reserve' by purchasing various crypto assets, including tokens associated with Sun.