Justin Sun’s TRON Invests $30 Million in World Liberty Financial Tokens
Justin Sun’s TRON recently made a significant investment of $30 million in World Liberty Financial tokens, providing a boost to the company’s fundraising efforts.
Trump Family’s Involvement
- President-elect Donald Trump and his sons, Eric, Don Jr., and Barron, are associated with World Liberty Financial.
- Trump is listed as the “Chief Crypto Advocate,” while his sons are dubbed as “Web3 Ambassadors.”
Token Sales Progress
World Liberty Financial aimed to raise $300 million through token sales but had only managed to sell $21 million before Sun’s investment.
Following the $30 million threshold being crossed, the Trumps are set to receive at least $15 million as outlined in the company’s “Gold Paper.”
Allocation of Proceeds
Despite facing criticism from the crypto community, Trump’s company DT Marks DEFI LLC is slated to receive 75% of the proceeds according to the terms set in the gold paper.
Business Partnership
- Justin Sun’s investment led to him being named as an advisor for World Liberty Financial.
- It also paved the way for future business collaborations with the Trump family.
Future Meetings
Although Sun has not met any of the Trumps yet, he is expected to meet with Eric Trump at a Bitcoin conference in Abu Dhabi in the coming month.
Sun has clarified that he does not expect any favors from Trump in return for his investment.
About the Author
Monika Ghosh is a Reporter at CryptoSlate, with a keen interest in blockchain technology and its potential to address financial disparities.
About the Editor
The article was edited by the News Desk at CryptoSlate, a leading source for crypto news, insights, and data focusing on Bitcoin, DeFi, and AI.
