World Liberty Financial (WLFI) Token Sale Backed by Donald Trump and His Family Fails to Meet Expectations

World Liberty Financial (WLFI), a new decentralized finance (DeFi) project supported by Donald Trump and his family, started its token sale yesterday. The initial goal was to raise $300 million by selling 20 billion tokens. However, they only raised about 4%, totaling around $11 million from about 792 million tokens sold.

World Liberty Financial (WLFI) Token Sale Falls Short of Goal, Raising Only $11 Million

A new decentralized finance (DeFi) project, World Liberty Financial (WLFI), began its token sale on Tuesday, aiming to raise $300 million. However, the initial sales only managed to raise about 4% of the target, totaling around $11 million.

The project, which is reportedly supported by Donald Trump and his family, aimed to sell 20 billion tokens during the initial round. But due to technical issues and a lower-than-expected demand, they only sold about 792 million tokens.

The sale, which began at 12:40 UTC, encountered major problems as the WLFI website crashed during the first hour. This made it difficult for people to access the site and purchase the tokens.

Despite the issues, around 2,900 investors managed to buy tokens, and over 344 million tokens were sold to about 3,000 unique wallets.

As of Wednesday afternoon, each WLFI token was priced at $0.015, and most buyers invested less than $1,000 on average.

The WLFI token is designed to be a governance token for DeFi activities, enabling users to participate in borrowing, lending, and creating liquidity pools on the platform. However, the WLFI token is non-transferable, meaning it cannot be traded or sold on other exchanges. This aspect of the token might have discouraged some investors who prefer the option to sell their tokens.

According to a previous report, World Liberty Financial hosted a live webcast on X Spaces on October 14 to provide updates on its DeFi technology. Zak Folkman, one of the project’s co-founders, stated that the project is "all inspired by the ideals and the vision of Donald J. Trump.”

The webcast preceded the public launch, which followed over 100,000 signups on the WLFI platform since its initial launch in September.

Overall, the WLFI token sale fell short of the initial goal, raising concerns about the project's future.

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