WLFI began its activity October 15, 2024 And since then He completed two rounds Tokens sales. In the first, the company raised U $ 300 million Through the sale of WLFI tokens, and in the second, additional tokens were sold for a value of U $ 2550 million.
Thus, in total, the company was able to sell Tokens for a value of US $ 550 million In both rounds in total. These figures show impressive growth in their profits.
Donald Trump’s profits
On the other hand, a company affiliated with the US President will receive 75% of income Net as commission, including this income from tokens sales.
They also generated great interest, attracting more than 85,000 participantsall of which had to go through a process of Know your client (KYC) To verify your eligibility to participate.
Zach WitkoffWlfi co -founder, fervently thanked the First followers and partners of the company that trusted the project since its inception.
In addition, Witkoff said that tokens sales barely represent the start, and assured that the company is working on the launch of innovative technologies that will redefine the limits of what is possible in the world of Digital assets.
Throughout the last six months, WLFI has established important alliances with outstanding protocols for Blockchain and key institutions, such as ONDO FINANCE, Ethena, Chainlink, Sui and Aave. These collaborations have accelerated the development and implementation of its platform, which aims to democratize access to finance for millions of people.
Donald Trump’s cryptocurrency strategy
Trump’s support for cryptocurrency was blunt. In January, He used his account in X To encourage investors to buy $ Trumpwhich promoted its price up to a maximum of US $ 75 per Token. However, since then the currency has suffered a fall in 82%currently being around US $13.
Experts in the sector warned about the danger of these FLucuitations for small investors. “The president of the United States should not benefit financially from his position in this way,” said Tim Massad, a law professor at Georgetown and former official at the Trade Commission of Future of Raw Materials.
The team behind the currency seems to be tried to stabilize its price. After the $ Trump collapse, they spent US $ 1 million in repurchases to stop the fall, according to Financial Times. Nicolas Vaiman, CEO of Bublemaps, explained that this practice is common in the crypto ecosystem: “Using the treasury itself to sustain the price is a common strategy.”
The official cryptocurrency website states that the project is operated by the company Fight Fight Fight and that it is not directly administered by Trump or its organization. However, critics argue that their promotion and marketing They directly benefit the president and could function as a way to channel anonymous donations.
Source: Ambito
