crypto initiative linked to Donald Trump, World Liberty Financial, benefited greatly from the investment from Justin Sun, a leading entrepreneur and founder of the Tron blockchain network, who invested $30 million in this venture. Following the acquisition of 2 billion WLF tokens at $0.015 each, the total sales exceeded $52 million
Before Sun's entry, the WLFI had hardly taken off: the project had raised only $20 million since its launch in October; because of its restrictive sales strategy-token sales to non-US persons and US-accredited investors– and also because of its non-transferable policy of tokens, wider participation in the project had been discouraged.
The investment by Sun not only stabilizes the project financially but also triggers a key revenue-sharing clause. Under the terms, DT Marks DEFI LLC– a Trump-affiliated entity– would receive 75% of net revenues once the project exceeds $30 million in sales.
Justin Sun: Crypto Pioneer and Art Lover
Justin Sun, 34, has earned a reputation as one of the most energetic personalities in the crypto sphere. Most famous for founding the Tron blockchain, Sun’s $30-million investment in WLFI makes him one of the biggest investors in the project.
His interests go well beyond cryptocurrency. This November, he spent $6.2 million at a Sotheby's auction for "Comedian" by Maurizio Cattelan, a piece of art that is literally a banana duct-taped to the wall. The sale reflects how Sun has long mixed art, memes, and cryptocurrency together in his business ventures.
The Future of World Liberty Financial
Backed by Sun, World Liberty Financial gets a new chance to enter the crowded cryptocurrency space. The venture has Trump as its "chief crypto advocate," supported by his sons Eric, Barron, and Donald Jr. as "Web3 ambassadors.
The venture seeks to use Trump's worldwide profile to help the United States' standing in the crypto world. Freshly capitalized and with increased visibility, WLFI leadership is optimistic about attracting more accredited investors beyond its early teething problems.
Indeed, whether the project can achieve these lofty ambitions will depend on what comes next. The commitment of high-profile figures like Sun suggests its potential impact on the broader cryptocurrency market.
