Hong Kong – World Liberty Financial, the crypto project supported by Donald Trump, owes a large part of his early success to Justin Sun, the cryptocurrency of Chinese origin who became official advisor to the project after having bought $ 30 million His token, WLFI, said the co-founder of World Liberty, Zak Folkman.
Folkman pointed out that “the objective of the project is to be able to create progress to really merger traditional financial institutions with decentralized finances”, in a panel of the Conference Consensus of Hong Kong in Coindesk.
For several weeks, the WLFI endorsed by Trump was faced with mediocre sales, not reaching its goal of collecting funds of $ 30 million. The token was restricted to negotiate and is only available for non -American investors and accredited American investors.
The fortune of the project, however, changed when Sun intervened. “This guy,” said Folkman with a gesture towards the sun, “saw that, whatever the result, this project is a monumental movement for the whole cryptographic community.”
When Trump announced that World Liberty Financial alongside his sons in October, they said it would be a loan -based lending platform – a decentralized finance protocol based in Popular Ethereum. The platform has not yet been launched, but according to Folkman, World Liberty is now developing “a whole range of products and applications” – not just one tool.
Today, World Liberty Financial is known for WLFI, the governance token that he put on sale only a few days after the unveiling of the project.
“When we launched this project, it was a very heated period,” Folkman told the panel. “There was a lot of examination on our project because of which was involved.”
After Sun’s 10 -digit approval, “everything has some sort of snowball from there,” said Folkman. World Liberty did not only occur his goal of fundraising, but he finally put a new one. If it achieves its new objective – which it seems about to be done soon – Folkman noted that WLFI will become the fourth largest offer of initial parts (ICO) of all time.
Folkman claims that WLFI’s success came despite “no support for VC and no special treatment to anyone bought the token”.
The SUN, however, was raised to an official investor in the world of Liberty after its WLFI purchase. World Liberty also bought for 10 million dollars of TRX tokens – the native token of Sun Blockchain Tron – and WBTC, a Bitcoin derivative linked to the sun.
Earlier in Feb -not Crypto Tokens.
“I saw it going around,” said Folkman about the report. “The person who came out and claimed to represent us was not linked to our company.”
