{"id":13836,"date":"2025-02-19T07:46:45","date_gmt":"2025-02-19T07:46:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13836"},"modified":"2025-02-19T07:46:45","modified_gmt":"2025-02-19T07:46:45","slug":"founder-of-trumps-world-liberty-financial-credits-justin-sun-for-projects-success","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13836","title":{"rendered":"Founder of Trump’s World Liberty Financial Credits Justin Sun for Project’s Success"},"content":{"rendered":"
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HONG KONG \u2014 World Liberty Financial, the Donald Trump-backed crypto project, owes much of its early success to Justin Sun, the Chinese-born crypto billionaire who became an official advisor to the project after purchasing $30 million worth of its token, WLFI, said World Liberty co-founder Zak Folkman.<\/p>\n<\/p>\n

Folkman remarked that, “the goal of the project is being able to create progress to actually merge traditional financial institutions with decentralized finance,\u201d in a panel at CoinDesk’s Consensus Hong Kong conference.<\/p>\n<\/p>\n

For several weeks, the Trump-endorsed WLFI faced lackluster sales, failing to reach its $30 million fundraising target. The token was restricted from trading and only available to non-U.S. investors and accredited U.S. investors.<\/p>\n<\/p>\n

The project’s fortunes changed, however, when Sun stepped in. \u201cThis guy,\u201d Folkman said with a gesture towards Sun, \u201csaw that regardless of the outcome, this project is a monumental move forward for the entire crypto community.\u201d<\/p>\n<\/p>\n

When Trump announced World Liberty Financial alongside his sons in October, they said it would be a lending platform based on Aave \u2014 a popular Ethereum-based decentralized finance protocol. The platform has yet to launch, but according to Folkman, World Liberty is now developing “a whole range of products and applications” \u2014 not just a single tool.<\/p>\n<\/p>\n

Today, World Liberty Financial is known for WLFI, the governance token that it put up for sale mere days after the project was unveiled.<\/p>\n<\/p>\n

“When we were launching this project, it was a very heated time,” Folkman told the panel. “There was a lot of scrutiny on our project due to who was involved.”<\/p>\n<\/p>\n

After Sun’s 10-figure endorsement, \u201ceverything kind of snowballed from there,\u201d said Folkman. World Liberty not only oversold its fundraising target, but it eventually set a new one. Should it meet its new goal \u2014 which it seems poised to do soon \u2014 Folkman noted that WLFI will become the fourth-largest initial coin offering (ICO) of all time.<\/p>\n<\/p>\n

Folkman claims WLFI’s success came despite “no VC backing and no special treatment to anybody who purchased the token.”<\/p>\n<\/p>\n

Sun, however, was elevated to an official World Liberty investor after his WLFI purchase. World Liberty also bought $10 million worth of TRX tokens \u2014 the native token of Sun’s TRON blockchain \u2014 and WBTC, a Sun-linked bitcoin derivative.<\/p>\n<\/p>\n

Earlier in Feb., Blockworks reported that World Liberty has been shopping a deal to crypto teams: If a company purchases WLFI tokens and pays an additional fee, World Liberty will add that company’s tokens to its portfolio \u2014 a powerful marketing<\/a> instrument for up-and-coming crypto tokens.<\/p>\n<\/p>\n

\u201cI\u2019ve seen that going around,” Folkman said of the report. “The person who was going out and purporting to represent us was not connected with our company.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

HONG KONG \u2014 World Liberty Financial, the Donald Trump-backed crypto project, owes much of its early success to Justin Sun, the Chinese-born crypto billionaire who became an official advisor to the project after purchasing $30 million worth of its token, WLFI, said World Liberty co-founder Zak Folkman. Folkman remarked that, “the goal of the project […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-13836","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13836"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13836\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}