Is Donald Trump DeFi Project Facing Collapse? WLFI Token Sale Fails to Meet Goals

The token sale for World Liberty Financial (WLFI), Donald Trump DeFi Project, has encountered significant challenges, achieving only 3.4% of its $300 million target. Launched on October 15, the sale aimed to distribute 20 billion tokens at a price of $0.015 each.

After 14 hours, only 687 million tokens valued at $10.3 million had been sold. Additionally, the platform’s website suffered from high traffic, leading to several hours of downtime. Data from Etherscan indicates that just 6,832 wallet addresses received WLFI tokens, despite the project team claiming over 100,000 pre-registrations.

Is Donald Trump DeFi Project Facing Collapse?

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 supporters, and advisors.

In a promotional video released on October 15 via social media platform X, Trump described cryptocurrency as a remarkable future, positioning himself as the project’s main supporter. Notably, WLFI tokens are only available to accredited investors under SEC regulations in the United States and will serve as governance tokens for the Ethereum-based platform.

Zach Folkman, the platform’s COO, emphasized that users can leverage the platform for crypto lending and borrowing, liquidity pool creation, and stablecoin trading.

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