Donald Trump’s family-owned World Liberty Financial’s token project experienced a weak start, achieving only 4% of its targeted $300 million sales goal on its first day. The project’s website suffered crashes due to high traffic, affecting user access and participation.
WLFI Struggles with Initial Sales
The sale commenced at 12:40 UTC on Tuesday, offering approximately 792.36 million tokens and generating a total of $11 million. Following a quiet launch, the project received support from around 3,000 unique wallets shortly thereafter.
Due to the crash issues experienced in the initial hours, the platform limited user access. In the first hour, 344 million WLFI tokens were sold to about 3,000 unique wallets, and the project reached 6,000 new wallets so far.
Weak Interest from Users
As of the time of writing, 30 hours had passed since the launch, and Trump’s WLFI presale had raised $12 million, which corresponds to 4% of the $300 million target. Trump will receive 75% of all revenues, including presale earnings, but initial costs will take out the first $30 million, which have not been covered yet.
The WLFI token is designed as a governance token that cannot be transferred on the platform. This aspect diminishes its appeal for investors looking for quick profits, as the current token price sits at $0.015, with buyers averaging investments below $1,000.
World Liberty Financial aligns closely with Donald Trump’s campaign, maintaining promises to advance America into the crypto forefront. Should Trump win in the upcoming November elections, the project’s value is expected to rise.
