World Liberty Financial, a new cryptocurrency project endorsed by Donald Trump and his sons, recently faced significant technical difficulties during its much-anticipated token launch. Here’s everything you need to know about this high-profile event! 👇
🔹 Mission Statement
World Liberty Financial aims to provide all Americans with access to opportunities and resources that have been historically out of reach.
🔹 Token Sale Challenges
The project launched its first token sale on its website, with the goal of raising $300 million at a $1.5 billion valuation.
Investors faced frustration as the website experienced numerous outages due to excessive traffic, causing intermittent downtime.
🔹 Technical Difficulties and Recovery
The website switched to a new web hosting service to manage the surge in traffic, coming back online intermittently.
As of 1:48 p.m. New York time, over 500 million Ethereum-based tokens were sold at a price of 1.5 cents each.
🔹 Investor Eligibility
On September 30, the project began accepting registrations for its list of certified investors.
To participate, investors must meet specific requirements, such as having a net worth of more than $1 million.
🔹 Trump’s Promotion and Social Media Silence
Despite Trump's active promotion on his social media platform, X (formerly Twitter), the project's accounts on Telegram and X have yet to provide updates on the sale’s status.
Trump has been heavily advertising the sale, emphasizing the project's potential impact on the cryptocurrency community.
🔹 Trump’s Crypto Community Influence
The launch occurred just weeks before the presidential election, signaling Trump’s focus on engaging the growing political influence within the crypto community.
Trump has previously introduced multiple NFT collections and has served as a keynote speaker at major Bitcoin conferences.
🔹 Trump Family and Web3 Involvement
While the Trump family is actively involved in promoting the project, an early white paper clarifies that they do not control or manage the initiative.
Prominent figures like Paxos co-founder Rich Teo and Trump’s sons—Barron, Donald Jr., and Eric Trump—are recognized as web3 ambassadors for the project.
✨ In Summary: The launch of World Liberty Financial’s token faced a rocky start, but the project remains focused on its goal to empower all Americans with greater financial opportunities. As the token sale progresses and the website stabilizes, we can expect further developments and updates from Trump and his team on this ambitious venture!
🔔 Stay tuned for more updates on World Liberty Financial and the future of crypto in America!
