Key Takeaways:
- World Liberty Financial’s token sale raised just 3.4% of its $300 million goal, with only $10.3 million worth of tokens sold.
- The platform’s website crashed shortly after the sale began, hindering user access, and only 6,832 wallets hold the WLFI token despite 100,000+ sign-ups.
- WLFI tokens are governance tokens for a planned DeFi platform, with 35% allocated for public sale and availability restricted to accredited U.S. investors.
World Liberty Financial’s token sale, backed by Donald Trump, has fallen short of expectations, selling only 3.4% of its $300 million target.
The sale launched on October 15, offering 20 billion WLFI tokens at 1.5 cents each.
As of 8:30 UTC+8 today, World Liberty Financial, a DeFi project backed by Donald Trump, has sold 638 million WLFI tokens in its public sale, equivalent to $9.57 million. The website experienced multiple outages when the token sale went live. WLFI's first sale plans to raise $300…
— Wu Blockchain (@WuBlockchain) October 16, 2024
However, just 687 million tokens, worth $10.3 million, were sold after 14 hours, well below the projected outcome.
Despite claiming over 100,000 sign-ups, only 6,832 wallet addresses hold WLFI tokens.
Technical issues also plagued the launch, as the website crashed and remained down for several hours.
WLFI tokens, which will be used for governance in a future decentralized finance (DeFi) platform, are only available to accredited U.S. investors.
The project allocates 35% of its 100 billion token supply to public sale, with the rest reserved for community growth, initial supporters, and the team.
Today’s the day! @WorldLibertyFi token sale is live. Get your $WLFI tokens now. Purchase $WLFI here: https://t.co/jg1tOaHHBy pic.twitter.com/j8ewxa13wp
— Donald J. Trump (@realDonaldTrump) October 15, 2024
Promoted by Trump and his sons, who serve as “Web3 Ambassadors,” the platform aims to offer DeFi services like borrowing, lending, and liquidity pooling on Ethereum.
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