Justin Sun, founder of blockchain platform Tron, poses for a photograph in Hong Kong, China, on Friday, May 8, 2020.
Tron blockchain founder Justin Sun has invested $30 million into Donald Trump's crypto project, World Liberty Financial, he announced Monday.
"We are thrilled to invest $30 million in World Liberty Financial @worldlibertyfi as its largest investor," Sun wrote in a post on X.
In exchange, Trump's LLC received billions of tokens and the right to 75% of revenues above a $30 million threshold.
Sales now appear to have crossed the $30 million threshold to trigger revenue distribution to Trump's LLC.
Persons:
Justin Sun, Tron blockchain, Donald Trump's, Sun, Trump, Bitcoin, TRON, WLFI, Zachary Folkman, Folkman
Organizations:
Liberty Financial, Liberty, Trump, Trump's, America, Etherscan
Locations:
Hong Kong, China