As a seasoned crypto investor with over a decade of experience under my belt, I have learned to approach any new project with a healthy dose of skepticism and caution. The recent endorsement by Donald Trump for World Liberty Financial (WLFI) has certainly piqued my interest, but it hasn’t swayed me from my usual due diligence.
2018 U.S. Republican presidential hopeful Donald Trump publicized World Liberty Financial, a fresh cryptocurrency venture endorsed by his kin, on social media X, following an initial offering of its WLFI tokens that failed to meet the set objective.
Trump’s message was sent towards the end of the U.S. workday on Tuesday, approximately three hours following the initial release of the tokens. At the time of publication, $9 million worth of these tokens had been purchased, equating to around 3% of the total number of tokens available for public sale.
“Today’s the day!” Trump said in an X announcement.
On the platform, WLFI functions as a management token, allowing users to engage in Decentralized Finance (DeFi) actions such as loan acquisition, loan provision, and the establishment of liquidity pools.
The token sale website went live earlier Tuesday and suffered numerous outages.
To clarify, there wasn’t a noticeable increase in transactions related to the WLFI token on their site following Trump’s post, as over 540 million tokens had already been bought by users prior to his endorsement.
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2024-10-16 02:49