Well-known figure in the cryptocurrency space, Tron blockchain founder Justin Sun recently announced he would become an advisor to Donald Trump's cryptocurrency project — World Liberty Financial (WLFI), and spent $30 million to purchase WLFI tokens within just one day.
Investment background and details
According to CoinDesk, at the same time Justin Sun announced his role as an advisor to WLFI, he purchased $30 million worth of WLFI tokens. This large-scale investment not only demonstrates Justin Sun's confidence in the WLFI project but also provides a boost to the project's token sales.
Previously, the token sales of WLFI had been sluggish and failed to meet fundraising expectations. However, Justin Sun's involvement and significant investment undoubtedly brought new vitality and attention to the project.
Development goals of World Liberty Financial
World Liberty Financial is committed to becoming an important player in the decentralized finance (DeFi) sector. DeFi, as an emerging financial ecosystem, has become a significant application direction of blockchain technology, achieving decentralization and automation of traditional financial services such as lending and trading through smart contracts. WLFI hopes to attract more users to participate in the DeFi ecosystem through innovative financial products and services, promoting the healthy development of the entire industry.
"Justin Sun's insights and experience will play a key role in our innovation and development," World Liberty stated on social platform X (formerly Twitter).
World Liberty seeks to become a participant in decentralized finance (DeFi), which is a once thriving lending ecosystem.