Trump’s World Liberty Financial Sells $550 Million in WLFI Tokens to Market Buyers

World Liberty Financial, a DeFi project by President Donald Trump, has completed a significant milestone by selling $550 million worth of its WLFI tokens to buyers across two rounds of token sales. Launched on October 15, 2024, the company announced the successful closure of these offerings, which took place in concurrent U.S. and non-U.S. markets.

The WLFI token, issued on the Ethereum blockchain as an ERC-20 governance token, allows holders to participate in the platform’s decision-making processes, aligning with the project’s mission to democratize finance. The first round of sales brought in $300 million, while the second added another $250 million, totaling $550 million in gross proceeds for the Trump-inspired venture.

WLFI Token Details

Token Supply: 100 Billion

Token Type: ERC-20

Network: Ethereum

Token Distribution:

• 35% of tokens allocated for token sale
• 32.5% of tokens for community growth and incentives
• 30% of tokens for initial supporters
• 2.5% to team advisors and team members
  

The sales drew over 85,000 participants, each required to complete a Know Your Customer (KYC) process to verify eligibility. This substantial turnout underscores the interest in WLFI’s vision, which blends Trump’s influence with the growing world of decentralized finance. Zach Witkoff, co-founder of WLFI, emphasized the significance of this achievement, noting that it reflects recognition from those well-versed in crypto and finance.

He highlighted the company’s plans to expand its DeFi platform, aiming to reshape global financial systems through innovative technology and community governance. The proceeds from these token sales mark just the beginning, with WLFI gearing up to roll out tools designed to make decentralized finance more accessible to everyday users.

Strategic Partnerships and Reserves Bolster WLFI’s Growth

Beyond the token sales, World Liberty Financial has spent the last six months forging ties with major players in the blockchain space, including Ondo Finance, Ethena, Chainlink, Sui, and Aave. These partnerships are laying the groundwork for a robust platform that promises to simplify DeFi for millions.

Additionally, WLFI has built a strategic reserve of digital assets, holding tokens like Bitcoin, Ethereum, SUI, and others. This “Macro Strategy” aims to support the broader cryptocurrency ecosystem while diversifying the company’s treasury for stability and future growth. Part of this reserve could fuel new projects and opportunities within DeFi, positioning WLFI as a key player in the evolving landscape.

The company’s Ethereum-based WLFI token serves as the backbone of its governance model, empowering buyers to influence the protocol’s direction. This approach ties into WLFI’s broader goal of creating an inclusive financial future, inspired by Trump’s vision of economic empowerment.