World Liberty Financial, a decentralized finance (DeFi) project linked to the Trump family, has successfully raised $550 million through its recent token sale. This achievement brings the projectβs total funding to approximately $590 million, positioning its valuation at over $1.5 billion.
Significant Milestone in Crypto Fundraising
The latest funding round highlights the growing interest in World Liberty Financialβs native token, WLFI. Since its inception in September 2024, the project has seen significant financial backing, including an initial $30 million investment from Justin Sun, the founder of TRON. This demonstrates the projectβs ability to attract both institutional and retail investors.
While the exact number of tokens sold in this round remains undisclosed, earlier projections suggested that the platform might sell up to 20% of its token supply. According to Zak Folkman, the projectβs co-founder, over 60% of the total token supply is intended for public sale, with the remaining allocations designated for user rewards (17%) and the team (20%).
Token Sale Details
World Liberty Financial initially planned to release 20% of its 100 billion WLFI tokens during its token sale. By mid-February, reports confirmed that over 24 billion tokens had been sold, leaving only 950 million tokens available for purchase. However, in response to strong demand, the team decided to increase the supply available for sale by an additional 5%.
“Due to massive demand and overwhelming interest, weβve decided to open up an additional block of 5% of token supply,” the project announced on January 20, 2025.
This strategic move is likely aimed at capitalizing on market momentum and ensuring sufficient funding for the projectβs ongoing development and expansion.
Whatβs Next for World Liberty Financial?
With a valuation exceeding $1.5 billion, World Liberty Financial is poised to make a significant impact in the DeFi space. The projectβs ability to attract substantial investments suggests confidence in its roadmap and potential utility within the broader cryptocurrency ecosystem.
As the token sale progresses, investors and crypto enthusiasts will be watching closely to see how World Liberty Financial utilizes the funds raised to deliver on its promises and achieve its long-term goals.
Tips for Prospective Investors
- Conduct thorough research on the project, including its whitepaper and tokenomics.
- Evaluate the risks associated with investing in new tokens, especially in the volatile crypto market.
- Stay updated on the projectβs announcements to make informed decisions.
World Liberty Financialβs success in fundraising reflects the growing appetite for innovative DeFi solutions, making it a project worth monitoring as the crypto landscape continues to evolve.