Donald Trump-backed World Liberty Financial, a decentralized finance (DeFi) platform, has increased its token sale following a successful presale. At first, the site sold 20% of all its tokens for 1.5 cents each, which brought in $300 million. Because there was so much demand, the platform chose to sell an extra 5% of the tokens. Each token is now worth 5 cents, which is a 230% increase.
When the project first started in September, its goal was to sell 20 billion of the 100 billion tokens that it had. With the sale of the extra tokens, World Liberty Financial hopes to get an extra $250 million. The platform, whose main goal is to promote financial freedom and DeFi services, is giving buyers another chance to join, even though the first sale was only in certain areas.
Justin Sun, the founder of Tron, has shown a lot of faith in World Liberty Financial by putting in an extra $75 million, up from $30 million. He now holds the largest investment in the platform, which has experienced significant growth since its inception.
The platform’s decentralized environment uses the WLFI token for governance. The inability to sell or transfer it distinguishes it as a unique asset for individuals seeking control over decision-making. After Trump’s public launch of the memecoin in January, crypto fans paid more attention to this development.
With the longer sale, World Liberty Financial is trying to get even more investors, taking advantage of the high demand and keeping the momentum going for its long-term goals. People will likely continue to pay attention to what the platform does in the future, especially as it gets more support from big names in the crypto business.
