Trump-Backed World Liberty Financial Has Sold 96% of its Tokens

World Liberty Financial, a crypto platform backed by former U.S. President Donald Trump and his sons, has reportedly sold over 96% of its tokens following a slow initial launch four months ago.

Key Takeaways: – World Liberty Financial, backed by Donald Trump and his sons, has sold over 96% of its WLFI tokens. – The platform aims to offer DeFi services, allowing users to earn interest and borrow against assets.

According to data from the project’s website, more than 24 billion WLFI governance tokens have been purchased, leaving fewer than 1 billion available.

The tokens, priced at $0.05 each, were introduced in mid-October as part of an effort to raise $300 million, with a projected valuation of $1.5 billion.

The WLFI token grants holders the ability to propose and vote on platform governance decisions. World Liberty Financial is expected to offer decentralized finance (DeFi) services. The Trump family, which holds a majority stake, is set to receive 75% of the platform’s revenue and a significant portion of the token supply.

By January 20, the project announced it had successfully sold 20% of its token supply. Due to what it described as “massive demand and overwhelming interest,” an additional 5% of the remaining tokens were made available for sale.

The platform also introduced a strategic token reserve aimed at stabilizing the market and investing in emerging DeFi projects.

Onchain analysis indicates that World Liberty Financial currently holds approximately $34 million in cryptocurrency assets, with notable reserves in stETH and Tron.

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