The $WLFI token sale has ended officially after raising a remarkable $550 million from 25% of the total token supply.
The sale was an event in the cryptocurrency world that everyone had their eyes on and was supposed to be one of the big moments that led to the next Bitcoin or Ethereum. Not long after the $WLFI token sale had officially started, it was already selling out. Rumor had it it was going to be big. And it really was.
The initial plan for the sale of $WLFI was quite clear and orderly, as sales of crypto tokens go. The plan was to sell 20 percent of the total supply—20 billion tokens—in an initial coin offering (ICO) at a price of 1.5 cents each. This set a target for the offering to raise $300 million. If the ICO managed to get through the $300 million wall and keep going—if, say, it got up to around $500 million—that would put the price of the tokens somewhere between 2.5 and 3.5 cents, which is about 66 to 100 percent above the ICO price. And that was the setup.
In this period of extreme demand, the 20% allocation that remained unsold was quickly bought up, going well beyond what we thought was possible. Now, with all of that said, do remember that this stuff is also on our public site. So if you want to go through it in painstaking detail, you can get it straight from the horse’s mouth.
The first round going so well led to deciding to increase the sale further and to go ahead and release an additional 5% of the token supply — that’s another 5 billion tokens. But here’s the kicker: The price of these tokens was raised to $0.05 per token.
This additional 5% token sale added another $250 million to the coffers, bringing the total raised to $550 million. The public’s continued enthusiasm for $WLFI signals a strong belief in the token’s future potential, especially as its supply is now distributed among a growing number of investors.
One of the most notable buyers in the $WLFI sale was the cryptocurrency platform Tron, which made a significant purchase of 3 billion $WLFI tokens for a total of 45 million USD.
Tron acquired these tokens at the initial sale price of $0.015 per token, amounting to a major investment in $WLFI.
This move by Tron has garnered significant attention, as it is one of the largest institutional investors in the $WLFI token.
Major entities like Tron getting involved is a sign that big institutions are taking an interest in $WLFI. Even without getting into the details of what the project was about, Tron’s participation alone gives $WLFI way more street cred than it had before. And when you consider that Tron dropped a not-too-small amount of funds to secure a hefty chunk of $WLFI, it becomes even clearer that $WLFI is now a serious contender.
A major reason for the successful sale of $WLFI is the continuous investments made with the funds raised from the public sale. The $WLFI investment portfolio, which is the center of attention for quite a few investors, depends a lot on the money generated by these sales. The portfolio’s strategy has made it the darling of both retail and institutional investors, who can’t wait to see how the project uses the sale’s proceeds to push ahead with its development and staunch its market presence.
The public sale has been successful, particularly given the oversubscription and the decision to boost the token price. This signals that $WLFI has really found a strong market demand and is well positioned for growth and expansion. Interest in the token, particularly from big players like Tron, adds to the project’s overall long-term confidence and vision.
Following the public sale’s success, $WLFI is clearly on the track to becoming a serious player in the cryptosphere. The recent strategic investments from institutions, like Tron, have derisked the whole project and taken it up a notch. That’s because these investors don’t plow money into half-baked projects. They want to see a well-thought-out plan, a decent roadmap, and the $WLFI team simply has to execute from here.
The $WLFI’s real use of the $550 million raised in the public sale is one of the most pressing issues for the project right now. Investors and market participants are on the edge of their seats waiting for the next installment of the project’s vlog, as the vlog-like video format has become the token’s de facto roadmap. In the astrology of cryptocurrency, the showing of one’s roadmap to investors is like a star sign. The next video update is expected to elaborate on how the team plans to use the massive amount of money raised in the public sale.
The sale of the $WLFI ended up being a very successful moment for the project itself, resulting in $550 million raised for the team and project to use to move forward. This means they were able to sell 25% of their token supply.
Invested in by some very notable names, like Tron, this sale has sparked significant institutional interest and excitement that has been building only around $WLFI but within the entire cryptocurrency ecosystem.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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