Donald Trump-backed crypto project World Liberty Financial closed its second token sale, bringing its cumulative fundraising to $550 million. The $250 million round saw 85,000 U.S. and non-U.S. accredited investors participate in a simultaneous set of sales. The project’s WLFI tokens are not for sale publicly through exchanges and cannot be traded by their buyers at this point. They are intended as governance tokens only. According to the project’s “ gold paper ” 75% of the proceeds of the sales go to a company connected to President Donald Trump and his family. The remaining 25% go to Axiom Management Group, a company owned by WFLI co-founders Zachary Folkman and Chase Herro. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
