The DeFi project promoted by US presidential Republican candidate Donald Trump opened the public sale of the governance token $WLFI yesterday, with the goal of raising US$300 million; however, the project did not go smoothly, and the process The Chinese website went offline many times.
Is the World Liberty Financial website crashing frequently?
According to (CoinDesk), 344 million $WLFI were sold to more than 3,000 unique addresses within an hour of the sale starting, accounting for 1.7% of the total public sale share of 20 billion. Sandy Peng, co-founder of Scroll and consultant to World Liberty Financial, said that the number of public sale page views exceeded 72 million in the first hour after it went online, which caused excessive load pressure on the website and could only be restored online intermittently. It has now been switched to new website hosting services.
$WLFI sales status
The public sale of $WLFI uses $ETH, $WETH, $USDT or $USDC as the payment medium. As of press time, World Liberty Financial has sold 694 million $WLFI, and the smart contract account (CA) of the token sale holds a total of 2,879.56 $ETH, 16.55 $WETH, 2.2 million $USDT and 664,000 $USDC, with sales of only about $10 million.
Image source: WLFI $WLFI public sales page
Etherscan data shows that the current total number of addresses held by $WLFI is 7,133, including 6,074 unique addresses; this series of data shows that there are not many actual participants in the $WLFI public sale, and the sales volume is in line with what the development team expected. Compared with 300 million, there is obviously a big gap.
Source: Etherscan $WLFI contract address
What is World Liberty Financial?
World Liberty Financial is a lending protocol forked from Dough Finance. Dough Finance suffered a loss of US$1.8 million due to a lightning attack on July 12. World Liberty Financial stated that the program code has been re-audited and continues to pay attention to the maintenance of asset security.
Although World Liberty Financial is driven by the Trump family, due to U.S. regulatory restrictions, the agreement is only open to qualified investors with net assets of more than $1 million, which will exclude a large part of U.S. retail investors; non-U.S. participants You only need to go through KYC to use it. The development team stated that their goal is still to be open to all US citizens and will continue to fight for regulatory changes.
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