Home>BLOCKCHAIN>Trump-backed World Liberty Monetary nets $550M in token gross sales
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Trump-backed World Liberty Monetary nets $550M in token gross sales



World Liberty Monetary, a decentralized finance (DeFi) challenge backed by the Trump household, has accomplished its second public token sale, elevating $250 million from buyers.

WLFI launched on Sept. 16, 2024, with the objective of selling DeFi and stablecoins pegged to the US greenback. The challenge is endorsed by President Donald Trump and his sons — Eric, Donald Jr. and Barron — who've positioned it as a step towards monetary innovation and a shift away from conventional banking.

The corporate has now raised about $550 million by promoting 25% of the crypto asset’s complete provide. Its first token sale, which opened on Oct. 15, 2024, netted the corporate about $300 million by promoting 20 billion WLFI tokens for $0.015 every. 

On Jan. 20, the corporate announced another round of token sales “as a result of large demand and overwhelming curiosity,” providing 5 billion tokens at $0.05 every — a 230% worth enhance from the primary sale. The sale, completed on March 14, met its full goal of $250 million.