Donald Trump’s WLFI Token Launches to $5 Million Sales and Technical Difficulties

2024-10-15 18:35

World Liberty Financial (WLFI), a new token project endorsed by Donald Trump, was launched to whitelisted investors. WLFI sold $5 million in the first hour, but technical difficulties have disrupted its operations.

These problems highlight crypto community skepticism surrounding the project.

A Mixed Start for WLFI

World Liberty Financial (WLFI), a new DeFi protocol endorsed by Donald Trump, launched on the morning of October 15. World Liberty announced this token launch several days prior but added that the first round would only be accessible to whitelisted users. This token launch had a goal of raising $300 million.

Read more: Tokenomics Explained: The Economics of Cryptocurrency Tokens

World Liberty began the token launch with an X Spaces broadcast, albeit Donald Trump was not present. After WLFI went live, users reported $5 million in sales in the first hour. However, their website went down during this time, and transaction data shows technical difficulties in continuous sales.

Gaps in WLFI Availability. Source: Etherscan

Trump’s absence and some of these difficulties have contributed to a sense of unease around the project. Many community leaders have remained skeptical about unclear technical goals and the token launch’s timing near the election.

“The vast majority of people who will buy into Trump’s DeFi project would be better served simply buying Bitcoin and holding,” Manuel Ferrari, Co-Founder of Money On Chain, told BeInCrypto in an exclusive interview.

For example, World Liberty claimed that only accredited investors would be in the first round of sales. The Securities and Exchange Commission (SEC) defines these as investors with over $1 million net worth and $200 thousand annual income. And yet, World Liberty has had difficulties in smoothly processing sales to a group this exclusive.

Read more: Top 11 DeFi Protocols To Keep an Eye on in 2024

As of this writing, World Liberty’s website is still down, but on-chain data seems to show staggered new transactions. It is unclear if these issues will persist throughout the day and interrupt the strong demand for WLFI.

The post Donald Trump’s WLFI Token Launches to $5 Million Sales and Technical Difficulties appeared first on BeInCrypto.

origin »

TrumpCoin (TRUMP) на Currencies.ru

$ 0.0093482 (-1.82%)
Объем 24H $0
Изменеия 24h: 8.36 %, 7d: 6.82 %
Cегодня L: $0.0093482 - H: $0.0093482
Капитализация $61.739k Rank 2306
Доступно / Всего 6.604m TRUMP

million technical donald wlfi trump difficulties token

Источник: beincrypto.com

million technical → Результатов: 100


Фото:

100M XRP Unlocks from Ripple’s Escrow Wallet, Compounding Technical Weakness

XRP has been caught within a long-held bout of consolidation around $0.20, struggling to garner momentum in either direction Although the lack of a consistent USD downtrend may be welcomed by its embattled investors, the cryptocurrency has been flashing some signs of overt weakness as of late One such sign would be the losses it has posted against BTC over the past several weeks Another 100 million tokens were also just moved out of Ripple’s […]

2020-6-9 23:00


China-Based BTC Miner and Wallet, Bixin, Opens A $66M Crypto Investment ‘Fund Of Funds’

The announcement released on Friday states, Bixin will set aside 6,600 BTC (~66 million dollars) from its proprietary mining capital into the “fund of funds”. The funds will be invested in global quantitative trading funds with a special focus on arbitrage, BTC futures and general technical and trend analysis within the industry. As Bitcoin heads […]

2020-5-8 15:52


Bitcoin’s sudden hemorrhaging may have stopped for now; expect possible bearish moves to $6,500 and below

Bitcoin’s whopping collapse from $10,000 to $7,700 was a sight to witness, and witness a lot of people did.  This collapse caused liquidations worth approximately over $700 million. A lot of people, at least those who are a little informed about technical analysis or those active on Twitter, knew that there was a big move […] The post Bitcoin’s sudden hemorrhaging may have stopped for now; expect possible bearish moves to $6,500 and below appeared first on AMBCrypto.

2019-9-28 20:45


CasperLabs Raises $14.5M To Help Ethereum (ETH) 2.0 Scale Without Losing Decentralization Or Speed

Blockchain Startup Casperlabs led by financier Terren Piezer who is popularly known as Zelig of Wall Street, raised $14.5 million in Series A. The CTO of Casperlabs by the name Medha Parlikar announced that these funds would be injected in product development and to hire more core technical workers including engineers, academics, and architects in […]

2019-9-10 19:52


Фото:

Chinese Listed Companies and Bitcoin Mining: Partner or Predator?

This article was originally published by 8btc and written by Lylian Teng. Some Chinese listed companies have jumped on the bandwagon of bitcoin mining following the bitcoin bull run throughout 2017, either under the guise of cloud computing or providing mining hosting services, in an effort to bypass regulations considering the country’s tough stance on bitcoin.

2019-5-29 18:53


дальше еще 51 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Hackers Turn LinkedIn into a Tool for Scamming Crypto Users

The LinkedIn scammers use professional tools, including the Willo Video Interviewing platform, to gain victims' trust and manipulate them into compromising their devices. The post Hackers Turn LinkedIn into a Tool for Scamming Crypto Users appeared first on BeInCrypto.