Justin Sun, the founder of the Tron blockchain, has made a bold move into the world of decentralized finance by purchasing $30 million worth of tokens in World Liberty Financial (WLFI). This investment makes Sun the largest individual backer of the crypto venture, securing him 2 billion WLFI tokens at a price of $0.015 each.
With Sun’s contribution, the total sales for WLFI have now reached $52 million, although the project still falls short of its ambitious $300 million goal. In a post shared on X (formerly Twitter) on November 25, Sun expressed his excitement, noting, “The U.S. is becoming the blockchain hub, and Bitcoin owes it to @realDonaldTrump!”
While Sun is bullish on the project’s prospects, he stressed that his involvement is motivated solely by WLFI’s potential to transform decentralized lending and governance, not by political considerations.
Launched in October, World Liberty Financial has faced challenges, including slow sales driven by restrictions on token sales. The tokens are limited to accredited U.S. investors and non-U.S. individuals, with the added constraint that the tokens cannot be resold once purchased.
A key milestone for WLFI is the $30 million sales threshold, which activates a revenue-sharing arrangement whereby 75% of net revenues will flow to Donald Trump’s company, DT Marks DEFI LLC. This represents the first time the Trump family will receive earnings from the project.
Trump plays a pivotal role as the chief crypto advocate for WLFI, while his sons, Eric, Donald Jr., and Barron Trump, serve as ambassadors for the Web3 initiative. Other prominent figures include Rich Teo, co-founder of Paxos, who has contributed to the stablecoin and payment systems, and Luke Pearson, a senior research cryptographer at Polychain, who has played a key role in WLFI’s development.
Despite facing regulatory hurdles, including a 2023 lawsuit from the U.S. SEC over his crypto exchange HTX (formerly Huobi), Sun remains optimistic about the future of decentralized finance. His continued support underscores the growing interest in blockchain technology, even amidst ongoing regulatory scrutiny.
Zak Folkman, co-founder of WLFI, shares this optimism, highlighting the rising investor interest despite the project’s slow start. As the project continues to grow, its backers remain hopeful that its innovative approach to decentralized finance will resonate with a broader audience.
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