The Trump family-affiliated decentralized finance (DeFi) undertaking World Liberty Monetary (WLFI) has accomplished its second set of token gross sales.
The DeFi protocol bought $250 million price of its native WLFI tokens following a $300 million sale in October, per a brand new press launch.
The undertaking initially stated that 63% of all WLFI can be bought to the general public, however in line with its present whitepaper – or “gold paper”– World Liberty Monetary seems to have lowered that to 35%.
World Liberty says greater than 85,000 whole contributors underwent a know-your-customer (KYC) course of to find out eligibility for the token gross sales.
The DeFi undertaking has invested in a “strategic reserve” of 11 completely different crypto belongings, however the blockchain monitoring agency Lookonchain famous over the weekend that WLFI’s portfolio is shedding on each single token and down practically $120 million in whole.
World Liberty notes within the advantageous print on its web site that President Donald Trump shouldn’t be an officer, director, founder, or worker of the agency or any of its associates, however the firm does checklist the president as its “Chief Crypto Advocate.”
World Liberty’s web site additionally states that DT Marks DEFI LLC, an entity affiliated with Trump and a few of his members of the family, holds 22.5 billion WLFI tokens and is entitled to obtain charges from the undertaking.
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