Trump and partners profit $390 million from WLFI token issuance
The Internet reported that World Liberty Financial, a crypto project promoted by U.S. President Donald Trump, has completed its second round of token sales, raising a total of US$550 million. WLFI has reserved US$30 million to cover corporate expenses and other expenses. According to issuance documents for World Liberty's first token sale, Trump and his related company DT Marks DEFI LLC will charge 75% of net income as a fee-or $390 million. In addition, token buyers are currently not allowed to resell the tokens and are not entitled to any profits. The project launched its first token sale in mid-October last year and promoted it to U.S. and non-U.S. investors. The project launched its first token sale in mid-October last year and promoted it to U.S. and non-U.S. investors.
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