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  • Trump’s Crypto Business Slashes Fundraise Goal by 90% After Lackluster Sales
  • Crypto

Trump’s Crypto Business Slashes Fundraise Goal by 90% After Lackluster Sales

cryptovert November 1, 2024 1 min read

At
press
time,
World
Liberty’s
website
reflected
the
old
sales
target
of
$300
million.
The
company
sold
just
under
1
billion
of
the
20
billion
WLFI
tokens
available.
It
sold
them
at
a
valuation
of
$1.5
billion.
But
sold
tokens
remain
frozen
until
further
notice,
meaning
no
one
who
bought
WLFI
can
cash
out
on
secondary
markets.

Trump’s
company
DT
Marks
DEFI
LLC
is
slated
to
get
22.5
billion
WLFI
tokens
worth
over
$330
million
at
World
Liberty’s
public
sale
valuation.

What
World
Liberty
Financial
will
be
isn’t
exactly
clear.
Its
website
describes
something
akin
to
a
portal
for
accessing
crypto-investment
opportunities.

There’s
some
talk

of
opening
a
borrow-and-lending
service.
Decrypt

recently
reported

World
Liberty
Financial
plans
to
launch
a
stablecoin.

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