President-elect Donald Trump’s cryptocurrency project World Liberty Financial (WLFI) is loaded with decentralized finance (DeFi) altcoins, on-chain data has shown.
Blockchain intelligence platform Arkham reported that WLFI’s treasury has acquired $50 million worth of various DeFi coins as it prepares for launch.
“Update: Donald Trump’s WORLD LIBERTY FI acquires $50 million in DEFI coins.
World Liberty Finance Treasury has just acquired:
ETH/WETH $35 million
cbBTC $10 million
LINK OF 1 MILLION DOLLARS
AAVE $1 million
Does Trump Have DeFi?”
WLFI launched its token sale in October.
The project originally stated that 63% of all WLFI would be sold to the public, but according to the current white paper (or “gold paper”), World Liberty Financial appears to have lowered this to 35%.
Because World Liberty Financial hasn’t launched publicly yet, it’s not 100% clear yet what services the platform will offer.
World Liberty Financial says it is “the only DeFi platform inspired by Donald J. Trump” and aims to “lead a financial revolution by dismantling the shackles of traditional financial institutions and putting the power back where it belongs: in your hands.” there is.
According to data from Ethereum blockchain explorer Etherscan, TRON DAO received 2 billion tokens for its investment in WLFI, making Tron (TRX) founder Justin Sun and the DAO the largest holder.
The purchase makes Sun an advisor to the project.
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check Price Action
follow us XFacebook, Telegram
Daily Hodl Mix Surfing
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may suffer. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.
Image created by: Midjourney