⚡ World Liberty Financial Targets $300 Million in Fundraising
posted 15 Oct 2024
In a few hours, World Liberty Financial successfully sold over 340 million WLFI tokens, generating approximately $5.5 million. The sale saw 3,000 unique wallets become token holders. However, the platform faced multiple issues, including lags and system errors, caused by a surge in demand.
The funds raised were allocated as follows: $4 million in Ethereum, $1.2 million in USDT, and $250,000 in USDC. World Liberty Financial is aiming to raise a total of $300 million and launched a whitelist of 100,000 accredited U.S. investors ahead of the sale.
This move leverages the ability of accredited investors to purchase unregistered securities without SEC approval, provided they meet financial conditions such as an annual income of more than $200,000.
WLF strongly believes in supporting US dollar-based stablecoins and DeFi applications that seek to preserve the US Dollar’s status, ensuring it remains the global reserve currency for the next century—without compromising the freedoms that decentralized assets provide,an excerpt from the gold paper reads.
World Liberty Financial offers users crypto lending services, stablecoin transfers, and liquidity pool creation. The platform is heavily endorsed by Donald Trump and his sons, with one of them referring to himself as a “DeFi visionary.”
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