BlockBeats News, March 18th, according to Bloomberg, the cryptocurrency project promoted by former U.S. President Donald Trump - World Liberty Financial, has completed its second round of token sale, raising a total of $550 million. WLFI has set aside $30 million for company expenses and other expenditures.
According to the issuance document of World Liberty's initial token sale, Trump and his affiliated company DT Marks DEFI LLC will receive 75% of the net proceeds as fees - totaling $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 initial token sale in mid-October last year and promoted it to both U.S. and non-U.S. investors.
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