World Liberty Financial, the crypto platform supported by President Donald Trump, has demanded Blockchains to participate in “Token Swap” offers, two sources with knowledge of the case told Blockkworks.
Representatives of World Liberty Financial have approached blockchain teams with an offer: buy at least $ 10 million to non -relieved WLFI tokens with a reimbursement of 10 percent, and World Liberty Financial will buy the same amount from the indigenous token of the blockchain.
A message from a World Liberty Financial representative shared with Blockworks said that the WLFI -Tokens would be transferred to a fully diluted valuation of $ 1.5 billion, which is crypto -verbiage for the theoretical total value of a given crypto -token.
The World Liberty Financial Platform is expected to be launched in Q3 this year on an FDV of $ 1.5 billion, according to the representative’s message. The message insisted that none of the tokens could be subjected to a fortress period, and the minimum purchasing for a token swap partnership was set at $ 10 million.
A source for a second blockchain project, granted anonymity to discuss private business transactions, confirmed to Blockworks that they had received the same offer with the reservation that although $ 10 million was the minimum purchasing, it would cost $ 15 million to priority treatment of the world to get liberty financial.
World Liberty Financial will be aimed at helping users gain access to third-party defi-applications to do things such as earning returns on stablecoins or cryptoassets, according to the official documentation of the project. President Trump started promoting the project while he was still on the campaign track last year.
At the moment, all that users can do on the World Liberty Financial website is to buy the upcoming WLFI token. According to the website, around 24 billion WLFI tokens were sold at $ 0.05 each, which would be around $ 1.2 billion.
The Chinese crypto entrepreneur Justin Sun claimed that Trondao collected $ 75 million.
Only the son of President Trump, Eric, who stands ‘Board of Managers’ of the project, is directly involved with World Liberty Financial, but the Trump family still has a financial benefit.
An LLC affiliated with President Trump and his family is entitled to 60% of the project equity, 75% of reimbursement revenues generated by the WLFI -Token sale and 22.5 billion WLFI tokens, worth $ 1.1 billion at the public selling price.
The Crypto wallet of World Liberty Financial is public. ETH is good for about half of the $ 378 million of the project in Crypto, showing data from Arkham. The rest of the interests include Justin sun-linked wrapped bitcoin, stutested ether and USDC, as well as a little smaller tokens.
Scoring a place on the balance sheet of World Liberty Financial has become a point of pride for crypto projects.
‘[We] Wil @Worldlibertsyfi thank for their continuous support and look forward to one [American] Future for Move, ”co-founder of Movement Labs Rushi Manche wrote on X after World Liberty Financial gained $ 2 million in his native token.
“Movement did not buy WLFI -Tokens or involved in WLF,” a spokesperson for Movement Labs told Blockworks.
The message that is shared with Blockworks says that Token SWAP candidates will participate in a first meeting, followed by a video getting with World Liberty Financial co-founder Zak Folkman to complete the deal.
Folkman and colleague World Liberty Financial Co-founder Chase Herro previously built Dough Finance, a crypto platform that was hacked for $ 2 million in July 2024, Coindesk reported earlier. The pair launched World Liberty Financial alongside real estate magnate and Trump employee Steve Witkoff.
Folkman, Herro and World Liberty Financial have not returned direct messages that were sent to several social media accounts that were looking for comments.
World Liberty Financial’s Token SWAP-DEAL is currently based on a “first Come First-Serve-Serve” basis, notes the message, although Trump supported by Trump gives priority to projects with the strongest technical statistics, Mindshare, [and] Willingness to do larger tickets than USD $ 10 million. “
