Trump's slow DeFi project receives a major boost thanks to Justin Sun's $30 million token purchase
Sun's investment, better known for creating the TRON blockchain, comes after World Liberty Financial reported slow initial sales of its WLFI token.
"We are thrilled to invest $30 million in World Liberty Financial @worldlibertyfi as their largest investor. The United States is becoming the center of blockchain, and Bitcoin owes it to @realDonaldTrump! TRON is committed to making America great again and leading innovation. Let's go!" Justin Sun.
The purchase restrictions, combined with the fact that WLFI tokens are not transferable, seemed to hinder the sale of the token for most cryptocurrency investors. Although the project aimed to sell tokens worth $300 million, it had only sold $21 million before Sun's purchase on Monday.
According to the "golden document" of WLFI that outlines the project's plans and details of the WLFI token, a portion of the profits from the sale of WLFI will be allocated to a company controlled by Donald Trump.
However, Trump's company would only profit once earnings from the sale exceeded $30 million, something that had not occurred before Monday's sale to Sun.
#BinanceSquareFamily #JustinSun #DonaldJTrump #trumpcoin #MuskXPayments $TRX