‘Crypto is the Future’ Says Trump, but WLFI Token Initial Sale Far From Target
Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
Donald Trump’s highly anticipated cryptocurrency project, World Liberty Financial (WLFI), launched its initial public token sale to significant fanfare, with the former president proclaiming that “crypto is the future.”
Despite this bold assertion and the Trump brand’s backing, the WLFI token sale has stumbled out of the gate. After raising $5 million in the first hour, sales slowed dramatically, and technical glitches on the platform hindered progress.
The token sale, designed to raise $300 million by offering 20% of the total token supply, has yet to reach its goal. By late Tuesday evening, only $9.15 million had been raised.
The project, which positions itself as a decentralized finance (DeFi) protocol, aims to revolutionize how users engage in borrowing, lending, and other financial activities. However, early reactions have been mixed, with some critics questioning the project’s legitimacy and long-term prospects.
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
The WLFI token sale went live at around 8:40 a.m. ET, and early enthusiasm generated $5 million in the first hour.
*TRUMP’S WLFI PRESALE RAISES $5M IN FIRST HOUR
*WLFI SITE FACES ON-AND-OFF DOWNTIME, NO TOKEN PURCHASES IN LAST 8 MINUTES
However, the sale quickly lost momentum as the project’s website experienced significant downtime due to overwhelming traffic.
According to Sandy Peng, a WLFI advisor and co-founder of the Scroll blockchain network, the platform received 72
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