The decentralized finance platform backed by Donald Trump, World Liberty Financial, has successfully concluded its initial token sale and is now offering additional tokens at a significant premium due to high demand. The platform announced that it has sold 20% of its total token supply and, in response to overwhelming interest, has released an extra block of 5% for sale.
Launched in September, the platform initially set out to offer 20% of the total supply of 100 billion World Liberty Financial (WLFI) tokens. With a newly available batch of 5 billion tokens priced at 5 cents each, the project is aiming to generate an additional $250 million. The initial token sale, which faced some hurdles — partly due to restrictions on U.S. retail investors — achieved $300 million by selling WLFI tokens at 1.5 cents each.
Justin Sun, the founder of Tron and the platform’s largest investor, had previously purchased $30 million worth of tokens in November. He recently announced plans to boost his investment by an additional $45 million, raising his total commitment to World Liberty to $75 million.
The initial public sale of 20 billion WLFI tokens began on October 15, exclusively available to U.S. accredited investors and international participants. The WLFI token is designed to serve as a governance token for the platform’s future decentralized crypto trading system, enabling holders to participate in decision-making processes regarding community proposals.
Additionally, World Liberty Financial has formed a strategic alliance with a memecoin associated with Trump, which recently experienced fluctuations in its market value following its launch. The move indicates the platform’s ambition to establish a foothold in the rapidly evolving cryptocurrency landscape.
