Then on Nov 25, Justin Sun, a flashy China-born crypto founder, announced he was investing US$30 million ($40.18 million) in World Liberty tokens. That pushed the project over the threshold, and the Trumps now stand to collect at least US$15 million, based on terms detailed in World Liberty’s “gold paper”.
Donald Trump’s crypto project, World Liberty Financial, was looking like a bust. The president-elect and his sons had been promoting its cryptocurrency for weeks, saying it would “make finance great again”, but the industry largely rejected it.
Sales fell 93% short of the goal, so low they failed to hit the minimum required to trigger a payout to Trump.
