The post Trump’s Token Project Struggles to Attract Buyers appeared on BitcoinEthereumNews.com.

Donald Trump’s token initiative, led by his family-owned World Liberty Financial, began with a disappointing performance, reaching merely 4% of its ambitious $300 million sales target on opening day. Compounding the issue, the project’s website crashed under significant user traffic, hindering potential investors from accessing the platform. Why Did WLFI Experience Low Initial Sales? The sale kicked off at 12:40 UTC on Tuesday, introducing around 792.36 million tokens and accumulating only $11 million on the first day. Despite a slow start, the project garnered interest from roughly 3,000 unique wallets shortly after the launch. Can User Interest Improve Over Time? After 30 hours post-launch, the WLFI presale had raised $12 million, still just 4% of the desired target. Trump is set to receive 75% of the total proceeds, yet initial expenses of $30 million remain unrecouped, limiting potential gains. The WLFI token is structured as a governance asset that cannot be transferred, reducing its attractiveness to investors eager for rapid returns. Currently priced at $0.015, many participants are averaging investments below $1,000. The project only achieved 4% of its $300 million goal on launch. Website crashes caused limited user access, impacting sales. WLFI is a governance token that cannot be traded, discouraging quick-profit seekers. Trump stands to gain 75% from sales, but $30 million in initial costs remains outstanding. World Liberty Financial aims to align with Trump’s political aspirations, promising to elevate America’s position in the crypto arena. If Trump secures victory in the upcoming November elections, it is anticipated that the project’s value could see a significant increase. Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research. Source: https://en.bitcoinhaber.net/trumps-token-project-struggles-to-attract-buyers

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Filed under: News - @ October 17, 2024 5:26 am