World Liberty Financial, the cryptocurrency project backed by former U.S. President Donald Trump, announced that it has completed its second round of token sales, raising a total of $550 million, according to a press release.
اضافة اعلان
The company, which is affiliated with Donald Trump, receives 75% of the net revenue as fees, including proceeds from the sale of the cryptocurrency tokens, as outlined in the company’s token sale document.
However, token buyers are not allowed to resell their tokens, nor do they have the right to any profits from them.
The project began its first token sales in mid-October last year, targeting both American and international investors. While the specific details of the project’s decentralized finance operations have not been disclosed, it has invested millions of dollars in purchasing other cryptocurrencies, including Ether and Tron. It’s worth noting that Justin Sun, the creator of Tron, is also an investor in the project.
Trump Family Negotiates with Binance
Last week, Bloomberg reported that World Liberty Financial discussed the possibility of collaborating with the cryptocurrency exchange platform Binance.
In related news, The Wall Street Journal also revealed last week that representatives of the Trump family had engaged in talks with Binance regarding the potential acquisition of a stake in its U.S. arm, Binance.US.
Additionally, the newspaper reported that Binance’s founder, Changpeng Zhao, who pleaded guilty in 2023 to violating anti-money laundering laws within the platform, is seeking a presidential pardon from the Trump administration.
