The World Liberty Financial (WLFI) project, linked to US President Donald Trump, has raised $590 million through the presale of the WLFI token, which is available to accredited investors.
World Liberty Financial, publicly backed by President Trump and his family, has completed a token sale that raised $590 million. The presale was reportedly restricted to accredited investors, and tokens purchased during the presale are non-transferable and not available for trading or negotiation on exchange platforms.
PREPARE YOUR WALLETThe data from the ICODrops platform they explain that The funds raised through WLFI place the project among the top ten in terms of token sales in history, although far from the record of $4.210 billion set by EOS in 2017.
A presale with exclusive rules
El successful closing The launch of the WLFI presale coincides with a period of growing influence for Trump in the cryptocurrency space. Since returning to the White House in January of this year, Trump has promoted several initiatives to further the growth of the industry, including the creation of a strategic reserve for Bitcoin and cryptocurrencies in the United States and the appointment of several cryptocurrency and artificial intelligence-related players aimed at accelerating the industry's development.
"World Liberty Financial is grateful to the early participants and partners who saw the revolutionary potential of this project, and we look forward to their continued participation in the governance of the WLFI protocol. The token sale is just the beginning. We are preparing to unleash a wave of disruptive technology that will redefine the boundaries of what is possible with digital assets.", said Zach Witkoff, co-founder of WLFI.
The WLFI token sale was divided into two phases. The first, launched in October 2024, offered 20.000 billion tokens at $0,015 each, raising $300 million. In January, a second round sold 5.000 billion units at $0,05, representing a 230% increase compared to the initial price, totaling $250 million. The final $590 million includes private contributions, such as $30 million from Tron founder Justin Sun, whose investment rekindled interest in the project.
GO TO BIT2ME LIFEOn the other hand, unlike traditional public offerings, WLFI restricted its pre-sale to accredited investors, i.e., individuals or entities with net worth exceeding $1 million or a minimum annual income of $200.000. As mentioned above, acquired tokens cannot be transferred or sold on exchanges for at least a year, and there is no set date yet for their public listing.
Justin Sun's investment in WLFI
Justin Sun's announced $30 million investment in World Liberty Financial (WLFI) has had a significant impact on the project. Several experts consider his involvement in the Trump family's crypto project to be a turning point for WLFI, which initially failed to meet its fundraising goals. After his investment, the project surpassed its goals and became one of the largest ICOs of all time.
Furthermore, the credibility Sun brought as a prominent figure in the crypto ecosystem accelerated interest from accredited investors, which was crucial in attracting more capital and establishing WLFI as a relevant player in the cryptocurrency market.
Towards a new financial model?
World Liberty Financial, launched in September, is a project that seeks to revolutionize the traditional financial system through the use of decentralized technologies such as blockchain and cryptocurrencies. It operates as an instance of Aave, leveraging the existing infrastructure on the Ethereum mainnet to offer decentralized cryptocurrency lending and deposit services.
BUY ETHEREUMWLF's primary objective is to democratize access to financial services by eliminating intermediaries and promoting the use of stablecoins pegged to the US dollar. Through this design, the platform seeks to strengthen the dollar's position in the DeFi ecosystem and maintain its dominance in global finance. Furthermore, WLF has introduced a strategic token reserve called "Macro Strategy," designed to invest in leading cryptocurrencies such as Bitcoin and Ethereum, in order to mitigate market volatility and build a more stable ecosystem.
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The creation of WLF comes amid a growing interest in the cryptocurrency and DeFi ecosystem, with the Trump family seeking to leverage its political influence to drive adoption of these technologies. Thus, despite the criticism the platform has faced due to its centralized governance structure and revenue allocation, which grant significant control to the Trump family, WLFI's successful pre-sale reflects the growing interest in the project and the impact political backing has had on WLF's ability to attract investment.
Investing in cryptoassets is not fully regulated, may not be suitable for retail investors due to high volatility and there is a risk of losing all invested amounts.
