World Liberty Financial (WLFI), a crypto platform associated with President Donald Trump, has reportedly approached multiple blockchain projects with a proposal to engage in "token swap" deals.
According to sources familiar with the matter, World Liberty Financial is offering blockchain teams the opportunity to purchase unlaunched WLFI tokens worth at least $10 million in exchange for the same amount of their native tokens. A 10% fee would be charged for the deal.
A representative for WLFI shared with Blockworks that the WLFI tokens would be transferred at a $1.5 billion fully diluted valuation, which refers to the theoretical total value of the token. The offer comes as part of the company’s routine treasury management and asset reallocation efforts.
A message posted by the World Liberty X account emphasized that these actions were standard procedures to maintain a secure, efficient treasury and clarified that WLFI was not selling tokens.
The move comes shortly after WLFI’s completion of a $254 million token sale, where they sold 20% of the 100 billion WLFI token supply. Originally aiming to raise $450 million, the platform scaled back its goal after a slow start. The sale saw WLFI sell additional tokens as demand increased despite an initial dip in the market.