The firm owned by Trump, DT Marks DEFI LLC will get 75% of all profits, according to the terms and conditions mentioned in the Gold Paper of the platform.
The recent investment done by Sun is also said to be done to ingratiate itself with the newly elected president, who is seen as a crypto-friendly candidate.
Sun kept his point that he does not expect any kind of favors from Trump for putting his money as a form of investment.
In the last week, TRON, a cryptocurrency with an associated blockchain DAO ecosystem bought $30 million worth of World Liberty Financial tokens. Talking about World Liberty Financial (WLFI) is a decentralized application supported by the new president Donald Trump.
World Liberty has enlisted Trump as the Chief Crypto Advocate and his sons, Eric Don Jr. and Barron as Web3 ambassadors. The newly elected president as well as his family have been publicizing World Liberty Financial for a long time as they believe that it can make finance great again.
World Liberty started to sell around $300 million worth of tokens to step up funding but till then the investment of Sun was failing. It was able to sell just $21 million worth of tokens and gained only 7% of its target till Sun counterbalanced.
WLFI has collaborated with the most significant money market Aave to build an application that will focus on driving mass adoption of US pegged stablecoins.
The Gold Paper of the platform
In the current scenario, since the threshold of $30 million has been passed, Trump and his family concurrently stand to have a minimum of $15 million, as per the gold paper of World Liberty.
Regardless of the terrible reception of World Liberty by the crypto community at a wider scale, the firm owned by Trump, DT Marks DEFI LLC will get 75% of all profits, according to the terms and conditions mentioned in the Gold Paper of the platform.
On top of investment Sun, World Liberty Financial called him as an adviser and opened the door for him to indulge in business with Trump and his family. The recent investment done by Sun is also said to be done to ingratiate itself with the newly elected president, who is seen as a crypto-friendly candidate and has promised to work in the favor of the industry.
A meetup with Eric Trump
The executive director, Jeff Hauser of the platform scrutinizes executive branch appointees to ensure they serve the broad public interest, Revolving Door Project said, “Foreign countries along with shady business persons would have never given a thought to be as assertive in raising an American president as what we are seeing in the path around Trump.”
At the same time, Sun has neither met Trump nor his family members till now. It is expected that he will meet Eric Trump at a Bitcoin conference organized in Abu Dhabi in December 2024. Sun kept his point that he does not expect any kind of favors from Trump for putting his money as a form of investment.
