- WLFI raised $ 550 million in selling the distinctive symbol.
- The symbolic sales process achieved 100 % sale after the initial recession before the release of Trump symbols.
- Justin Sun was one of the largest buyers, and money will be used to expand Defi applications and services.
World Liberty Financial (WLFI), a Defi, has collected former US President Donald Trump and his sons, $ 550 million in selling the distinctive symbol.
The collection of donations, which was completed on March 13, was announced in the project Official website.
Distinguished performance for sale and modifications
WLFI was launched in September with the aim of financing decentralization and strengthening Stablecoins in US dollars. The sale of the first distinctive symbol, which started on October 15, was supposed to raise $ 300 million by offering 20 billion icons at $ 0.015 per code.
Initial sales left, which led to only $ 11 million. So the target was reduced to $ 30 million.
Interest in the project increased after the launch of Trump’s official symbols (Trump) and Milia Mimi (Melania), which increased the demand for Trump’s encrypted currencies.
The first sale process ended on January 20, with 20 % of Symbol Separate. In response to the increasing demand, the project released 5 billion of the distinctive WLFI codes at $ 0.05 per code. By March 13, 99 % was sold, which led to the total amount that was raised $ 550 million.
Market response
The initiative attracted great attention from investors, the first of which was The founder of Tron Justin Sun, Who invested $ 30 million in November and then achieved more investment to maintain a $ 75 million position. Investors have bought WLFI codes for Ethereum, USDC, USDT and ethereum wrapped (Weth).
WLFI will be a symbol of governance, as the codes are powerful to make decisions for global freedom protocol. However, the symbols are not transferred for 12 months from the protocol.
The increase in the increase in the expansion of the DAPI DAPS range, including lending protocols and liquidity complexes. While the Trump family supports the project. According to their white paper, they do not own or manage it directly, although they may receive rewards.
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