- World Liberty Financial appointed Justin Sun as advisor.
- The project will benefit from Sun’s cryptocurrency insight and experience, it said.
- This development comes after Justin Sun-affiliated cryptocurrency company invested millions of dollars in the project.
World Liberty Financial (WLFI), the decentralized finance (DeFi) project backed by Donald Trump, has appointed TRON founder Justin Sun as an advisor.
Trump, along with his two sons and several cryptocurrency entrepreneurs, announced the DeFi initiative during X’s livestream event on September 16. The president-elect did not discuss specifics about World Liberty Financial at launch, but his family promised the project would be a success. It offers many things at once, including providing lending and lending services for digital asset trading.
Justin Sun’s role at World Liberty Financial
In a November 26 announcement, the World Liberty Financial team said Justin Sun brings a wealth of insight and experience to help the project continue to innovate and grow.
The team introduced Justin Sun as a graduate of the University of Pennsylvania, Trump’s alma mater.
“A graduate of the University of Pennsylvania, he recently won Sotheby's auction for the iconic banana artwork. TRON is among the world’s top 10 cryptocurrencies and one of the largest public blockchains,” the statement read.
The development comes a day after HTX, a cryptocurrency exchange previously known as Huobi and closely linked to the TRON founder, invested $30 million in World Liberty Financial through a large purchase of WLFI tokens.
After witnessing lackluster support, the DeFi project initially planned to sell $300 million worth of WLFI, but revised that figure to $30 million in late October. According to the website, at the time of this writing, non-US qualified US investors have purchased approximately 3.52 billion WLFI tokens, leaving 16.484 billion WLFI tokens for sale.
Justin Sun confirmed that TRON is World Liberty Financial’s largest investor, noting that the blockchain network is leading innovation and “committed to making America great again.”
Read why MakerDAO recently protested Justin Sun’s role in WBTC management.
MakerDAO Protests Justin Sun’s Role in WBTC Storage Changes
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