Donald Trump’s crypto project, World Liberty Financial (WLFI), has launched its token sale, but it’s not going as well as they hoped.
Token Sale Stumbles
After a day of sales, the project has only sold 796 million WLFI tokens out of a target of 20 billion, which is just 4% of their goal. The current price of WLFI is $0.015, giving the project a market value of $300 million. However, they’re aiming for a much higher valuation of $1.5 billion.
Trump’s Crypto Ambitions
World Liberty Financial describes itself as the “only DeFi platform inspired by Donald J. Trump” and aims to “dismantle the stranglehold of traditional financial institutions.” Trump has been vocal about his support for crypto, even suggesting a Bitcoin treasury to help manage the national debt.
Trump’s PAC & Crypto Donations
Trump’s political action committee (PAC) has received over $7.5 million in crypto donations, including Bitcoin, Ethereum, XRP, and USDC. This shows Trump’s growing interest in the crypto space.
The Future of WLFI
While the initial token sale has been disappointing, it’s too early to say if WLFI will be a success. The project is still in its early stages, and it remains to be seen if it can gain traction in the competitive crypto market.
