A decentralized finance project associated with U.S. President Donald Trump has raised 550 million dollars in its latest token sale, bringing total fundraising to 590 million dollars.
The initiative, known as World Liberty Financial, is focused on promoting dollar-backed stablecoins and decentralized financial applications.
World Liberty Financial recently completed the sale of 5 billion WLFI tokens, representing 25 percent of its total 100 billion supply, according to The Block.
According to co-founder Zak Folkman, the project intends to release up to 63 percent of its total supply in future sales.
The project initially launched a public sale in October 2024, selling 20 billion tokens at 1.5 cents each. By January 2025, this sale had …
Full story available on Benzinga.com