Hong Kong-World Liberty Financial, the cryptographic project backed by Donald Trump, owes a large part of his early success to Justin Sun, the billionaire crypt born in China who became official project advisor after buying $ 30 million in his token, Wlfi, said World Liberty Zak Folkman co -founder.
Folkman commented that “the objective of the project is to be able to create progress to merge traditional financial institutions with decentralized finances,” in a panel of the Coindesk Hong Kong Consensus Conference.
For several weeks, the WLFI, sentenced to Trump, faced dazzled sales, not reaching its fundraising of $ 30 million funds. The Token was restricted from trade and was only available for non -American investors and accredited investors in the US.
However, the fortune of the project changed when Sun intervened. “This guy,” Folkman said with a gesture towards Sun, “he saw that, regardless of the result, this project is a monumental advance for the entire cryptographic community.”
When Trump announced World Liberty Financial along with their children in October, they said it would be a Aave -based loan platform, a popular decentralized finance protocol based in 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 a single tool.
Today, World Liberty Financial is known by WLFI, the government file that put on sale a few days after the project was presented.
“When we launched this project, it was a very heated moment,” Folkman told the panel. “There was a lot of scrutiny in our project because of who was involved.”
After the support of 10 figures from Sun, “everything was stirred from there,” Folkman said. World Liberty not only oversized its fundraising objective, but also established a new one. If fulfilling its new objective, which seems to be ready soon, Folkman said Wlfi will become the fourth initial (ICO) currency offer of all time.
Folkman states that Wlfi’s success occurred despite “without VC support or special treatment for anyone who bought the token.”
Sun, however, was elevated to an official Liberty World investor after his WLFI purchase. World Liberty also bought TRX tokens of $ 10 million, the Native Sun’s Tron Blockchain, and WBTC, a Bitcoin derivative linked to the sun.
At the beginning of February, BlockWorks reported that World Liberty has been buying an agreement to cryptography equipment: if a company buys WLFI tokens and pays an additional rate, World Liberty will add the tokens of that company to its portfolio, a powerful marketing instrument To promote and update. -Encener cryptographic tokens.
“I’ve seen that circling,” Folkman said about the report. “The person who came out and intended to represent us was not connected to our company.”
