Sun’s $30M token purchase boosts World Liberty Financial and triggers Trump family payout.
Justin Sun’s TRON Invests $30M in World Liberty Tokens
Justin Sun, founder of TRON, recently invested $30 million in World Liberty Financial tokens. This investment not only salvaged the struggling token sale but also triggered a contractual payout for the Trump family.
World Liberty had set a target to raise $300 million through its token sale but fell drastically short, selling only $21 million prior to Sun’s involvement. Sun’s investment brought the total to $51 million, surpassing the $30 million threshold required for payouts stipulated in the company’s “Gold Paper.”
Payout Details and Political Implications
The Trump family, who had been promoting World Liberty Financial under titles like “Chief Crypto Advocate” and “Web3 Ambassadors,” will receive at least $15 million. Additionally, the family’s company, DT Marks DEFI LLC, will retain 75% of all proceeds from the investment, as per the agreement.
This move ties Justin Sun to the Trumps, with Sun being named an adviser to World Liberty following his investment. While Sun denies expecting political favors, the timing of this investment raises eyebrows, particularly given Trump’s promise to replace SEC chief Gary Gensler with a crypto-friendly appointee.
Criticism and Analysis
Critics have expressed concern about Sun’s apparent alignment with Trump. Jeff Hauser of the Revolving Door Project highlighted the boldness of cultivating political ties in such a direct manner, calling it unprecedented.
While Sun has not met the Trumps, reports indicate that he may connect with Eric Trump at an upcoming Bitcoin conference in Abu Dhabi.
Future of World Liberty Financial
Though Sun’s investment breathes new life into World Liberty, the project faces skepticism from the broader crypto community. Questions remain about its viability and whether this move is more about political strategy than blockchain innovation.
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