World Liberty Financial (WLF), a decentralized finance (DeFi) project supported by the Trump family, has achieved a remarkable milestone by selling 99.3% of its recently released 5 billion WLFI tokens.
The sale of WLFI tokens began on January 20 and witnessed exceptional demand following the initial public sale, culminating in a near-total sellout.
Reporting from the project's official website reveals that World Liberty Financial has successfully sold 24.97 billion WLFI tokens out of the 25 billion allocated for the public sale.
The project's overall WLFI token supply stands at 100 billion, with an initial 20-billion token allocation for the first public sale kickstarting on October 15, 2024, at a price of $0.015. Notably, the sale was exclusively accessible to individuals qualifying through a whitelist mechanism.
Initially targeting $300 million from the token sale, the project adjusted its presale goal to $30 million due to subdued demand in the early stages. However, the tide turned with the launch of Official Trump (TRUMP) and Melania Meme (MELANIA) meme coins, reigniting interest in World Liberty Financial and driving up the demand for WLFI tokens.
Following the completion of the initial token sale by January 20, World Liberty Financial seized the momentum by making an additional 5% of its token supply available for purchase at $0.05 per token to cater to the escalating demand.
The success of WLFI tokens is attributed to its governance role within the World Liberty Financial Protocol. Token holders can propose, discuss, and vote on crucial protocol decisions, ensuring a democratic and transparent approach to the platform's evolution.
As part of its tokenomics, the WLFI tokens are non-transferable for the first 12 months post-launch, with any modifications requiring community approval after the initial year.
This significant achievement coincides with World Liberty Financial's recent partnership with Sui (SUI) to explore DeFi opportunities and integrate Sui's technology into WLFI's token reserve "Macro Strategy," supporting prominent DeFi projects.