World Liberty Financial, a decentralized finance (DeFi) project backed by the Trump family, has successfully completed its second public token sale, raising $250 million from investors. The project aims to promote DeFi and stablecoins pegged to the US dollar and has gained endorsement from Donald Trump and his sons. To date, World Liberty Financial has raised approximately $550 million from two rounds of sales, selling 25% of its total token supply. The first token sale, held in early 2024, raised $300 million by selling 20 billion WLFI tokens at $0.015 each. The recent token sale saw a price increase of 230%, selling 5 billion tokens at $0.05 each, reaching its $250 million target. Despite these successes, some community members have expressed skepticism towards the project's legitimacy and business model, labeling it a potential cash grab rather than a true innovation in DeFi. There are ongoing criticisms regarding its high fees and business strategies, which have not been publicly addressed by the company.

Source đź”—