Hong Kong-World Liberty Financial, the Crypto project supported by Donald Trump, is much of his early success to Justin Sun, the Crypto billionaire born in China who was an official adviser to the project after the purchase of $ 30 million His token, WLFI, said co-founder of World Liberty Zak Folkman.
Folkman noted that “the aim of the project is to create progress to actually merge traditional financial institutions with decentralized financing”, in a panel at the Coong Kong conference of Coindesk.
For a few weeks, the WLFI approved by Trump was confronted with matte turnover, allowing him to achieve his $ 30 million fundraising objective. The token was limited from trade and only available for non-American investors and accredited American investors.
The fortunes of the project, however, changed when the sun intervened. “This guy,” Folkman said with a gesture to the sun, “saw that, regardless of the outcome, this project is a monumental step forward for the entire crypto community.”
When Trump World Liberty Financial announced in addition to his sons in October, they said it would be a credit platform on the basis of Aave-a popular on Ethereum-based decentralized financial protocol. The platform still has to be launched, but according to Folkman, World Liberty is now developing “a whole series of products and applications” – not just a single tool.
Nowadays World Liberty Financial is known for WLFI, the governance that it was applied for sale only a few days after the project was unveiled.
“When we launched this project, it was a very heated time,” Folkman told the panel. “There was a lot of control on our project because of those who were involved.”
After the approval of Sun 10 digits, “everything snowed from there,” Folkman said. World Liberty over -sold not only his fundraising target, but ultimately set a new one. If it achieves its new goal-what it seems to do soon-marked Folkman on that WLFI will be the fourth largest initial currency (ICO) of all time.
Folkman claims that the success of WLFI came despite “no VC support and no special treatment for someone who bought it token.”
Sun, however, was elevated to an official World Liberty Investor after his WLFI purchase. World Liberty also bought $ 10 million from TRX-tokens-it-native token from Sun’s Tron Blockchain and WBTC, a Bitcoin derivative linked by the sun.
Earlier in February, Blockworks reported that World Liberty has shopped a deal for crypto teams: if a company buys WLFI tokens and pays an extra fee, World Liberty will add the tokens of that company to its portfolio-a powerful marketing tool for OP and- Upcoming crypto -tokens.
“I have seen that go around,” Folkman said about the report. “The person who went out and claimed to represent us was not connected to our company.”
