World Liberty Financial, a decentralized finance (DeFi) project backed by Donald trump, has made headlines with its public token sale, which has raised $9.57 million by selling 638 million WLFI tokens as of 8:30 UTC+8 today. The sale faced significant challenges, including multiple website outages when it launched, yet it has already collected considerable interest as per Wu Blockchain.
As of 8:30 UTC+8 today, World Liberty Financial, a DeFi project backed by Donald Trump, has sold 638 million WLFI tokens in its public sale, equivalent to $9.57 million. The website experienced multiple outages when the token sale went live. WLFI’s first sale plans to raise $300…
— Wu Blockchain (@WuBlockchain) October 16, 2024
Current State of World Liberty Financial
At press time, the token has made $753.40 M through the initial sell of 765.11M tokens. The current sale has already surpassed their target of raising $300 million in the initial sale. The current price of the token is $0.015.
The WLFI project aimed at raising a total of $300 million on the launch day. The tokens that have been allotted for selling are 20% of its token supply, which would place its valuation at an impressive $1.5 billion. Designed as a governance token, WLFI will allow holders to participate in various DeFi activities such as borrowing and lending. The project has reportedly pre-approved over 100,000 accredited investors in the U.S., indicating strong initial support.
Despite the technical difficulties, the sale’s early success reflects a growing interest in cryptocurrency projects associated with prominent figures like Trump. His family members are actively involved; Trump serves as “Chief Crypto Advocate,” while his sons take on roles as “web3 ambassadors.”
The WLFI token is intended to be non-transferable and will remain locked indefinitely, aligning with the projects focus on stability and governance within the DeFi space. As the sales progresses, all eyes will be on whether WLFI can achieve its goals and solidify its position in the competitive crypto market.
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