World Liberty Financial, got off to a rocky start on its first day. The website crashed multiple times, disrupting token sales and casting doubts on the project's credibility š ². This technical glitch couldn't have come at a worse time, with just three weeks left until the election. Trump has been trying to win over the crypto community, and this setback might hurt his chances.
Only about 4,300 unique wallet addresses held the token, which is roughly 4% of total registrants š. To put this into perspective, the project aimed to raise $300 million through its initial token sale but ended up selling less than 3% of the 20 billion tokens available š. The sold tokens, over 500 million WLFI tokens, were priced at 1.5 cents each š.
The project's goals are ambitious, aiming to "democratize access to financial opportunities while fortifying the global status of the US Dollar" ². However, critics have pointed out that the project's primary purpose seems to be promoting other operators' DeFi platforms while disavowing legal responsibility ².
This misstep might impact Trump's campaign, especially since his opponent, Kamala Harris, has made explicit crypto policy pledges ². The crypto community is watching closely, and Trump's ability to recover from this technical glitch will be crucial in maintaining his pro-crypto image.
