World Liberty Financial, the crypto project promoted by President Donald Trump, has completed its second set of token sales and raised a total of $550 million in gross proceeds, according to a
A company affiliated with Trump receives 75% of net revenue as a fee, including the proceeds of token sales, according to the offering document for World Liberty’s initial token sale. Buyers of the tokens aren’t allowed to resell them yet and aren’t entitled to any profit.
WATCH: Kraken Senior Adviser Marco Santori says “you have to think about stablecoins as one of those critical bits of technology that will allow other things to be built upon it.” He tells Sonali Basak and Tim Stenovec he believes decentralized finance is going to “explode” once there is more stabilized use of stablecoins. Source: Bloomberg
The project started its first token sale in mid-October and was marketed to both US ...
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