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Okay, here’s the essence of what’s happening:
**Crypto Venture “Global Freedom Financial,” Supported by Trump, Accumulates $550 Million, Estimated at $1.5 Billion**
A decentralized finance (DeFi) venture known as Global Freedom Financial, apparently linked to the Trump dynasty and supported by Donald Trump, has attracted an impressive $550 million through a token offering. This increases their cumulative capital to approximately $600 million.
The initiative, which revolves around the WLFI token, is currently valued at more than $1.5 billion following this recent funding phase. Initially, they intended to secure $300 million. Apparently, they experienced their initial significant advancement in November 2024 with a $30 million investment from Justin Sun, the contentious originator of Tron (who originated in China).
The precise quantity of tokens sold remains uncertain. However, previous accounts indicated that Global Freedom Financial might trade up to 20% of its overall token inventory. Zack Folkman, a co-founder, stated on X (previously Twitter) that more than 60% of the inventory would be marketed to the general public, with 20% allocated to the team and 17% for user incentives.
In February, reports surfaced that they had already traded over 24 billion tokens, leaving only around 950 million tokens accessible. When the venture commenced in September 2024, the preliminary strategy involved providing 20% of their 100 billion WLFI tokens.
The platform appears to have prolonged its token offering, probably to leverage the excitement and accumulate even greater funds for advancement. “Given the immense interest and extensive demand, we have opted to release an extra 5% of the token inventory,” the venture declared on X in January. Three Justifications Why the Cost of Shiba Inu Coin Might Ascend by 60%
