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Join Telegram ChannelThe token sale for World Liberty Financial (WLFI), Donald Trump's DeFi Project, faced significant challenges, reaching just 3.4% of its $300 million goal. Launched on October 15, the sale aims to distribute 20 billion tokens at $0.015 each.
After 14 hours, only 687 million tokens worth $10.3 million had been sold. Additionally, the platform's website experienced high traffic, resulting in several hours of downtime. Data from Etherscan shows that only 6,832 wallet addresses accepted WLFI tokens, despite the project team claiming over 100,000 pre-registrations.
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According to the project’s “gold paper,” the total supply of WLFI tokens is set at 100 billion, with 35% allocated to eligible participants and the remainder directed towards community growth, early backers, and advisors.
In a promotional video released on October 15 via social media platform Notably, the WLFI token is only available to accredited investors under SEC regulations in the United States and will serve as a governance token for the Ethereum-based platform.
Zach Folkman, the platform's COO, emphasized that users can utilize the platform for crypto lending and lending, liquidity pool creation, and stablecoin trading.