In the grand theater of modern finance, where fortunes are made and lost with the flick of a digital switch, the World Liberty Financial Initiative (WLFI) has taken its final bow in the token sale, a spectacle that has drawn the attention of many, not least of all the illustrious Donald Trump, who, like a modern-day Midas, has lent his name to this ambitious venture.
With a flourish befitting a grand performance, WLFI has managed to gather a staggering sum of approximately $590 million, a feat that places it among the pantheon of the top ten largest token raises in the annals of cryptocurrency history, as chronicled by the ever-watchful ICODrops.
The Token Sale: A Comedy of Errors
Yet, unlike the free-spirited cryptocurrencies that dance freely across the exchanges, the WLFI tokens were shackled, available only to the elite accredited investors, as if they were rare jewels in a royal treasury, with no public trading or transfers allowed. And as for a timeline for exchange listing? Well, that remains as elusive as a cat in a room full of rocking chairs.
Launched in the hopeful month of September 2024, this initiative sought to champion the cause of decentralized finance (DeFi) and to bolster the US dollar‘s supremacy in the global marketplace, all while offering a lending platform that promised to be the beacon of financial enlightenment.
The governance token, WLFI, made its debut on October 15, with aspirations of raising $300 million. However, the initial enthusiasm waned, and only $11 million was raised from the sale of 766 million tokens. In a move reminiscent of a beleaguered playwright rewriting his script, the fundraising goal was slashed to a mere $30 million.
As the winds of fortune shifted, interest in WLFI surged, fueled by the viral success of Trump-themed meme coins, such as Official Trump (TRUMP) and Official Melania (MELANIA). By January 20, the curtain fell on the initial sale, with a mere 20%
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2025-03-14 23:12