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Justin Sun Invests $30 Million in World Liberty Financial, a DeFi Project Linked to Donald Trump
Justin Sun, the founder of TRON ($TRX ), has made a significant move in the decentralized finance (DeFi) space by investing $30 million in World Liberty Financial (WLFI). This project, which is connected to former U.S. President Donald Trump, has positioned Sun as its largest investor. The investment, made at a rate of $0.015 per token, contributes to WLFI's current funding of $52 million—17% of its ambitious $300 million target.
The Trump family is poised to benefit substantially from WLFI’s success. Through their entity, DT Marks DEFI LLC, they are entitled to 75% of the platform's net revenues once token sales exceed $30 million.
Despite the high-profile backing, WLFI has drawn criticism for its restrictive approach. Sales are limited to U.S.-based investors, and the WLFI tokens are non-transferable, which has raised concerns about their appeal to the wider cryptocurrency market.
This development highlights the growing intersection of blockchain technology, prominent public figures, and innovative financial platforms, but it also underscores challenges in balancing accessibility and market interest.
#EthereumAwakening? #BitwiseFiles10ETFs
Justin Sun, the founder of TRON ($TRX ), has made a significant move in the decentralized finance (DeFi) space by investing $30 million in World Liberty Financial (WLFI). This project, which is connected to former U.S. President Donald Trump, has positioned Sun as its largest investor. The investment, made at a rate of $0.015 per token, contributes to WLFI's current funding of $52 million—17% of its ambitious $300 million target.
The Trump family is poised to benefit substantially from WLFI’s success. Through their entity, DT Marks DEFI LLC, they are entitled to 75% of the platform's net revenues once token sales exceed $30 million.
Despite the high-profile backing, WLFI has drawn criticism for its restrictive approach. Sales are limited to U.S.-based investors, and the WLFI tokens are non-transferable, which has raised concerns about their appeal to the wider cryptocurrency market.
This development highlights the growing intersection of blockchain technology, prominent public figures, and innovative financial platforms, but it also underscores challenges in balancing accessibility and market interest.
#EthereumAwakening? #BitwiseFiles10ETFs
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