Ambitious $300 million raise falls short with just $12 million in sales
The long-awaited WLFI token sale by Trump family-backed World Liberty Financial disappointed investors, raising just $12.1 million of the $300 million it aimed for. Despite high expectations, 96% of the allocated tokens remain unsold.
World Liberty Financial's WLFI token sale has faced significant challenges since launch / Dune
troubled launch
World Liberty Financial began the sale of its WLFI tokens at a price of $0.015 each, targeting accredited investors in the US and non-US individuals. However, the launch was marred by technical issues that led to the project's website crashing due to high traffic volume, leaving many potential buyers without access to the platform.
According to data from Dune, the sale attracted 10,885 unique wallets, despite 100,000 whitelisted users registering prior to launch. This low level of participation has raised concerns about actual interest in the project.
Token structure and distribution
The total supply of WLFI is 100 billion tokens, of which 35% is earmarked for public sales. 32.5% will go towards community growth and incentives, while 30% will be allocated to “early supporters” and 2.5% to the project team and advisors. Importantly, governance tokens are non-transferable for 12 months, which could limit liquidity and investor appeal.
The Trump Family’s Influence
The project’s whitepaper highlights the Trump family’s active involvement, with Donald J. Trump serving as “Chief Crypto Advocate” and his sons Barron, Eric, and Donald Trump Jr. serving as “Web3 Ambassadors.” Despite this promotion, World Liberty Financial’s structure does not resemble a Decentralized Autonomous Organization (DAO), as it operates as a non-stock corporation in Delaware with a board of directors.
As the WLFI token sale continues, investors and analysts will be keeping a close eye on how the next few weeks play out. With only $12.1 million raised to date and a large percentage of tokens still available, the future of this Trump-backed DeFi project is at a crossroads.
Disclaimer: This news is for informational purposes only and does not constitute financial advice. Investors should conduct their own research before making investment decisions.