Justin Sun, the founder of the TRON (TRX) blockchain, has recently taken on the role of advisor to World Liberty Financial (WLFI), a decentralized finance (DeFi) crypto project that is backed by US President-elect Donald Trump. This collaboration comes as a significant development for both Sun and the WLFI platform, with high hopes for the contributions he will bring to the table.
WLFI made the announcement of Sun’s new role on social media platform X, highlighting his impressive qualifications and experience in the crypto space. As the founder of TRONDAO, an advisor to HTX_Global, and a supporter of BitTorrent, Sun’s background positions him well to offer valuable insights to the development of the platform. With a degree from the University of Pennsylvania and recent success in winning Sotheby’s auction for the iconic banana artwork, Sun’s expertise is highly regarded in the industry. TRON itself is recognized as one of the top 10 cryptocurrencies globally and boasts one of the largest public blockchains.
The decision for Sun to join WLFI as an advisor comes after TRON DAO, the decentralized autonomous organization associated with TRON, made a substantial $30 million investment in the DeFi project, becoming its largest investor. This move signifies a strong partnership between the two entities and sets the stage for future growth and innovation.
World Liberty Financial, which prides itself on being the only DeFi platform inspired by Trump, is in the process of selling 20 billion WLFI utility tokens. With 3.54 billion tokens already sold at $0.015 each since the token sale launch in October, the project is gaining momentum in the market. TRON DAO’s investment has secured a 10% stake in the platform, with 2 billion tokens allocated to them according to data from the Ethereum blockchain explorer Etherscan.
As the collaboration between Justin Sun and World Liberty Financial takes shape, the industry is eager to see the impact of this partnership on the DeFi space. With Sun’s expertise and the backing of TRON DAO, WLFI is poised for further success and growth in the crypto market. Stay tuned for more updates on this exciting development.
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