Trump’s Crypto Project Has Raised $550 Million in Token Sales
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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 press release.
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.