Donald Trump’s new crypto project, World Liberty Financial, faced a rough start with its token sale launching after the platform’s website suffered frequent outages. Only around 4,300 unique wallet addresses hold the token, representing 4% of registered users. The project has sold over 794 million tokens at $0.015 each, less than 4% of the total available. The glitchy launch may pose a setback to Trump as the election approaches, with the project being promoted by him and his family. The digital coin WLFI, part of a Regulation D token offering, aims to raise $300 million at a $1.5 billion valuation. The project’s founders include the Trump family, with 20% of tokens allocated to them. While details about the project are scarce, it aims to provide services like borrowing, lending, and investing in crypto. Customers will have voting rights over the platform. WLF is seeking approval from the DeFi ecosystem Aave. Trump Media & Technology Group, parent company of Truth Social, also faced challenges on Tuesday with share prices dropping nearly 10%. The project’s success remains uncertain as additional details about its offerings and business plan have yet to be released.
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Early targets not met as Trump’s coin sale is hampered by website crashes
