Trump and partners net $390 million from WLFI token sale

According to the offering documents for World Liberty's initial token sale, Trump and his associated company DT Marks DEFI LLC will receive 75% of the net proceeds as fees - that is, $390 million. In addition, token buyers are currently not allowed to resell tokens and are not entitled to any profits.

The project launched its initial token sale in mid-October last year and promoted it to US and non-US investors.

ChainCatcher previously reported that World Liberty Financial, a crypto project promoted by US President Donald Trump, has completed its second round of token sales, raising a total of $550 million. WLFI has reserved $30 million to pay for company expenses and other expenses.