Trump Family Could Secure $537 Million with DeFi Project
CryptoNewsTerminal Staff10 Sep, 2024
Trump Family Could Secure $537 Million with DeFi Project
Trump Family's DeFi Project Potential DL News reported that "Donald Trump's family's cryptocurrency project, World Liberty Financial, could raise $537 million through the sale of WLFI tokens." WLFI, a project launched last month by Trump's second son, Eric Trump, falls under the DeFi protocol category. Token Sale and Distribution According to the white paper, the project plans to sell 30% of the WFLI supply, worth $1.8 billion. Consequently, this could lead to compensation for the Trump family. Allocation Concerns However, concerns have been raised about the project, particularly regarding the allocation of 70% of the supply to insiders. This has sparked questions about the project's fairness and transparency. The investigation is ongoing, and it remains to be seen how these concerns will impact the project's development and success.
