Trump-Backed World Liberty Financial Sees Mixed Results on First Day of Token Sale
World Liberty Financial, backed by Donald Trump, has managed to raise only 4% of its targeted funds in the initial phase of its token sale, sparking concerns over investor interest.
The World Liberty Financial project backed by Donald Trump has achieved only 4% of its target in the token sale following its launch on Tuesday.
Key Points:
- The project has managed to raise just under $11 million out of an ambitious $300 million target.
- A total of 792.36 million tokens out of a planned 20 billion have been sold.
- Interest has been dampened by the nature of the tokens, which are non-transferable, potentially discouraging speculative investment.
Despite Trump's announcement generating some buzz, it did not result in a significant surge in sales. Investors have purchased less than $1,000 worth of tokens on average.
Many speculate that the project is underperforming in an industry where initial token offerings often achieve lofty goals quickly. Consequently, the platform may be facing skepticism from potential investors amid fluctuating market dynamics.