Trump’s company will receive at least $15 million after Justin Sun’s investment into World Liberty tokens

Trump’s company will receive at least $15 million after Justin Sun’s investment into World Liberty tokens
фото показано с : cryptoslate.com

2024-12-2 17:45

Justin Sun’s TRON purchased $30 million worth of World Liberty Financial tokens earlier this week, and the investment enabled President-elect Donald Trump and his sons, Eric, Don Jr., and Barron, to get paid.

World Liberty listed Trump as its “Chief Crypto Advocate,” and his sons as “Web3 Ambassadors.” Trump and his family have been promoting World Liberty Financial for months, claiming that it can “make finance great again.”

World Liberty set out to sell $300 million worth of tokens to raise funding but until Sun’s investment, it was failing. It had sold only $21 million worth of tokens, achieving merely 7% of its target until Sun tipped the scales.

Now, since the threshold of $30 million has crossed, the Trumps collectively stand to receive at least $15 million, according to World Liberty’s “Gold Paper.”

Despite the poor reception of World Liberty by the crypto community at large, Trump’s company DT Marks DEFI LLC will receive 75% of all proceeds, as per terms laid out in the Gold Paper.

Upon Sun’s investment, World Liberty Financial named him as an adviser and paved the way for him to be in business with the Trumps. Sun’s latest investment can be seen as a move to curry favor with the next U.S. President, who has promised to replace SEC chief Gary Gensler with a crypto-friendly candidate.

Jeff Hauser, executive director of the Revolving Door Project, a nonprofit that monitors executive branch appointees, told Bloomberg:

“Foreign countries and rogue business people would have never thought to be as brash in cultivating an American president as what we are witnessing in the orbit around Trump.”

While Sun has never met with any of the Trumps, he is expected to meet with Eric Trump at a Bitcoin conference in Abu Dhabi next month. Sun has said that he does not expect any favors from Trump in exchange for his investment.

The post Trump’s company will receive at least $15 million after Justin Sun’s investment into World Liberty tokens appeared first on CryptoSlate.

origin »

LALA World (LALA) на Currencies.ru

$ 0 (+0.76%)
Объем 24H $0
Изменеия 24h: 5.17 %, 7d: 9.44 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 249.333m LALA

world sun liberty tokens trump justin investment

Источник: cryptoslate.com

world sun → Результатов: 126


Джастин Сан инвестировал $30 млн в криптопроект Дональда Трампа

Глава Tron Джастин Сан (Justin Sun) стал крупнейшим инвестором криптопроекта избранного президента США Дональда Трампа (Donald Trump), вложив $30 млн в токены World Liberty Financial. «С радостью инвестируем $30 млн в World Liberty Financial в качестве крупнейшего инвестора», — написал Сан в социальной сети X 25 ноября.

2024-11-26 09:29


Someone Just Bought $160 Million In Ether – Was It Justin Sun?

The cryptocurrency community is abuzz after a wallet with suspected ties to Tron founder Justin Sun gobbled up a staggering $161 million worth of Ether on February 19th. This whale-sized purchase has sent shockwaves through the market, igniting speculation and potentially signaling a positive outlook for the world’s second-largest cryptocurrency. At the time of writing, […]

2024-2-20 11:00


Bitcoin Bullish Outlook: Tron Founder Accumulated Nearly 520 BTC Pre-Price Rally

Bitcoin, the world’s largest cryptocurrency asset by market cap, is in the spotlight. Reports have revealed that Tron founder and Billionaire Justin Sun has significantly accumulated BTC. Justin Sun Acquires $24 Million Worth Of Bitcoin Lookonchain, one of the leading on-chain analytics firms, shared the information with the crypto community on the X (formerly Twitter) […]

2024-2-14 04:00


Tron’s Justin Sun Mulls Over Making A Move On FTX’s Crypto Stash, Here’s Why

In a completely unexpected move, Justin Sun, Founder of Tron and Advisor to Huobi Global has expressed his interest in acquiring FTX’s considerable crypto assets worth billions of dollars.   Justin Sun Considers Making A Bid For FTX Crypto Assets Justin Sun, Creator of Tron, one of the world’s largest blockchain ecosystems, has hinted at the possibility of acquiring the assets of insolvent crypto exchange FTX.

2023-9-13 00:00


Фото:

Justin Sun Leaves Tron For WTO Amid Massive Reorganization Of The TRX Blockchain Governance

Justin Sun has left Tron to represent Grenada’s national interests at the World Trade Organization (WTO) leadership, in another move that once again casts doubt on his commitment to cryptocurrency. He, however, said that the move could help establish Tron’s relationship with international regulatory jurisdictions as this is the next milestone for the crypto industry. […]

2021-12-17 17:34


Justin Sun Establishes JUST NFT Fund

Sun said that the fund intends to mint the world’s top artworks on the blockchain. He said he would be working with high-profile artists to serve as consultants for the fund. “JUST NFT will build a bridge between blockchain and the world’s top artists, supporting the growth of native NFT artists in the world of … Continued The post Justin Sun Establishes JUST NFT Fund appeared first on BeInCrypto.

2021-3-29 18:21


Tron CEO Justin Sun Offers BTFS As Decentralized Storage Plan Amidst GitHub’s Ban

As previously reported by Bitcoin Exchange Guide [BEG], GitHub currently bans certain countries – that the US have pushed aside – from using its services. An Iranian software developer named, Hamed Saeedi, was the one to have exposed the rather negative GitHub side, stressing the extent to which the world’s leading software development platform is […]

2019-7-30 06:26


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Pumpfun launches mobile app amid renewed memecoin frenzy

Solana-based memecoin launchpad Pump. fun has launched a mobile app supporting iOS and Android devices, according to a Feb. 14 announcement. The app allows users to buy, sell, and create tokens for free, manage their digital portfolios, and track assets in real-time.

OpenSea announces upcoming SEA token amid OS2 open beta launch

OpenSea has announced the launch of its OS2 open beta platform and confirmed plans to release a token called SEA. The move consolidates NFT and token trading into one marketplace while introducing cross-chain purchasing and a fee structure set at 0.