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 »

Bitcoin price in Telegram @btc_price_every_hour

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


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


Justin Sun Rejects Chinese Media Smear of a Greedy Lying Criminal

Rumors are swirling once again around Tron founder Justin Sun. Sun announced yesterday that he would not be attending his $4.57 million lunch with Warren Buffett tomorrow. Where In The World Is Justin Sun? Hint: Not San Francisco First revealed by CoinDesk correspondent Wolfie Zhao, Chinese publication 21st Century Business Herald lambasted Sun just hours […] The post Justin Sun Rejects Chinese Media Smear of a Greedy Lying Criminal appeared first on CCN Markets

2019-7-23 18:30


Tron’s Justin Sun shares his vision for the foundation as the token recovers

Tron foundation celebrated its one-year anniversary on June 25 and the foundation celebrated it by announcing a $20 million buyback plan to promote community activity and market stability. Over the course of one year, Tron secured partnerships with 110 exchanges and 33 wallets around the world, followed by partnerships with Opera and Tether.

2019-6-30 23:30


What does Tron’s Justin Sun aim to achieve with Buffett over lunch?

The cryptocurrency world celebrated seeing its proponent, Justin Sun, winning the charity lunch with investment mogul, Warren Buffett. The lunch is scheduled for July 25 in San Francisco. Justin Sun, the CEO of Tron foundation and BitTorrent in an interview told that he personally wanted to be friends with Buffett and give him real-time updates […] The post What does Tron’s Justin Sun aim to achieve with Buffett over lunch? appeared first on AMBCrypto.

2019-6-16 14:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru