The much-anticipated token sale for the Donald Trump-backed World Liberty Financial (WLFI) has fallen short of its $300 million goal, with only 3.4% of the tokens sold after its website crashed due to excessive traffic.
Despite having over 100,000 signups, only 6,832 unique wallet addresses hold WLFI, raising concerns about the project's viability.
The WLFI tokens, priced at 1.5 cents each, are not tradable but will serve as a governance token for the upcoming Ethereum-based decentralized finance (DeFi) platform.
The platform, which will operate as an instance of the popular DeFi protocol Aave, aims to offer borrowing, lending, liquidity pool creation, and stablecoin transactions. Show Less
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