The Trump family's alleged $5 billion wealth gain from the WLFI token launch isn't verified, but here's what's known:
World Liberty Financial, a DeFi project backed by Donald Trump and his family, raised $550 million through its WLFI token sale. The project sold 5 billion tokens at $0.015 each initially and later sold additional tokens at $0.05 each.
Key Developments:
- Token Sale Completion: WLFI completed its token sale, raising $550 million from over 85,000 participants.
- Strategic Investments: The project invested in cryptocurrencies like Bitcoin, Ethereum, and Tron, with a total reserve valued at $76.9 million.
- Partnerships: WLFI partnered with Aave, Ondo, Chainlink, Sui, and Ethena to accelerate platform development.
- Token Unlocking: 20% of locked WLFI tokens will unlock on September 1, 2025.
- Mobile App: WLFI is developing a mobile app for users.
- USD1 Stablecoin: The project's stablecoin, USD1, is undergoing its first monthly audit .
Controversy and Concerns:
- Regulatory Uncertainty: WLFI faces regulatory challenges, common in the crypto space.
- Tokenomics Confusion: The project's token distribution plan has been unclear, sparking debate.
- Blockchain Ambiguity: WLFI's blockchain association is uncertain, with some sources linking it to Ethereum and others to Solana.#TrumpFamilyCrypto #CryptoNewss $WLFI