ALT5 Deal Puts First Valuation on Trump-Backed WLFI Token at $0.20
Main Idea
ALT5 Sigma Corporation's deal with World Liberty Financial sets the first market valuation for the Trump-backed WLFI token at $0.20, marking its debut valuation and signaling a shift in ALT5's business model to a crypto treasury company.
Key Points
1. ALT5's share swap with World Liberty Financial established WLFI's first valuation at $0.20 per token.
2. ALT5 is pivoting to operate as a crypto treasury company, issuing 200,000 new shares to purchase $1.5 billion worth of cryptocurrencies, with half swapped for WLFI tokens.
3. WLFI serves as a governance token for World Liberty Financial, granting rights without being a decentralized autonomous organization (DAO).
4. Notable investors include Tron founder Justin Sun, who acquired $75 million worth of WLFI tokens.
5. The Trump family, including Eric Trump, holds WLFI tokens and stands to benefit from the token's appreciation.
Description
World Liberty Financial’s deal with ALT5 Sigma Corporation has set the first market value for WLFI, the Trump-backed DeFi project’s token, at $0.20, marking its debut valuation since the token’s sale last year. Key Takeaways: ALT5’s share swap with World Liberty Financial set WLFI’s first valuation at $0.20. Several institutional investors and venture capital firms participated in the $1.5B share sale to buy WLFI. ALT5’s board additions include WLFI holders, raising potential conflict of interes...
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