Justin Sun, the founder of TRON (TRX) blockchain, has recently been appointed as an advisor to World Liberty Financial (WLFI), a decentralized finance (DeFi) crypto project supported by US President-elect Donald Trump.
WLFI announced the news on social media platform X, highlighting Sun’s impressive background and expertise that will contribute significantly to the platform’s development.
“Justin Sun, known for founding TRONDAO, advising HTX_Global, and backing BitTorrent, brings a wealth of experience to the table. With a degree from the University of Pennsylvania and his recent acquisition of the iconic banana artwork at a Sotheby’s auction, Sun is a prominent figure in the cryptocurrency space. TRON, one of the top 10 cryptocurrencies globally, is also one of the largest public blockchains. His insights and experience will play a crucial role in our continued innovation and growth. Welcome aboard, Justin!”
Following TRON DAO’s investment of $30 million in the DeFi project, becoming its largest investor, World Liberty Financial disclosed Sun’s new role within the organization.
The project, which touts itself as the only DeFi platform inspired by Trump, aims to distribute 20 billion WLFI utility tokens. Since the commencement of the token sale in October, 3.54 billion tokens have been sold at $0.015 each.
Data from the Ethereum blockchain explorer Etherscan reveals that TRON DAO has received 2 billion tokens from its investment, representing a 10% stake in the platform.
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Image Credit: Midjourney