Hong Kong-World Liberty Financial, the Donald Trump-backed crypto project, owes much of his early success to Justin Sun, the Chinese-Born Crypto-billionaire who became an official adviser to the project after purchasing $ 30 million value of his token, WLFI, said co -founder of World Liberty Zak Folkman.

Folkeman noted that “the goal of the project is to be able to make progress to actually merge traditional financial institutions with decentralized financing,” in a panel at Coindesk’s Consensus Hong Kong conference.

For several weeks, the Trump-approved WLFI faced defective sales and failed to reach its $ 30 million fundraising target. The token was limited from trade and only available to non-American investors and accredited US investors.

However, the wealth of the project changed when Sun stepped in. “This guy,” Folkman said with a gesture against Sun, “so regardless of the result, this project is a monumental step forward for the entire crypto community.”

When Trump announced the World Liberty Financial with his sons in October, they said it would be a lending platform based on aave a popular Ethereum-based decentralized financing protocol. The platform has not yet launched, but according to Folkman, World Liberty is now developing “a whole range of products and applications” – not just a single tool.

Today, the World Liberty Financial is known for WLFI, the Government of the Government, which it put up for sale only days after the project was revealed.

“When we launched this project, it was a very heated time,” Folkman told the panel. “There was a lot of control on our project because of who was involved.”

After Sun’s endorsement of 10 characters, “all kinds of snowball from there,” Folkman said. World Liberty Sold not only his fundraising goal, but it eventually set a new one. Should it meet its new goal-rested it seems to be ready to make soon-noticed Folkman that WLFI will be the fourth largest initial coin offering (ICO) over the years.

Folkman claims that WLFI’s success came despite “no VC backing and no special treatment for anyone who bought the token.”

However, the sun was raised to an official world freedom investor after its WLFI purchase. World Liberty also bought $ 10 million worth of TRX-tokens — the native token of Sun’s Tron Blockchain and WBTC, a sunbound Bitcoin derivative.

Earlier in February, Blockworks reported that World Liberty has shopped for an appointment for Krypto Teams: If a company buys WLFI symbols and pays an extra charge, World Liberty will add this tokens to his portfolio-a powerful marketing instrument for up and up and up and up Upcoming crypto -tookens.

“I’ve seen it walking around,” Folkman said of the report. “The person who was going out and alleged to represent us was not associated with our company.”