- Trump‘s WLFI token aims to promote financial inclusion.
- The public token sale has been underwhelming.
- Even Trump supporters are sounding the alarm on WLFI.
Donald Trump’s World Liberty Financial (WLFI) DeFi project promised to beat the banks and foster financial inclusion. With Trump’s endorsement, the project quickly caught the eye of those prioritizing freedom and decentralized ideals.
WLFI was announced in August, sparking significant buzz and attracting over 100,000 whitelisted users ahead of its public token sale. However, despite the early excitement, the October 15 sale has fallen short of expectations.
Trump Token Sale Underwhelms
The WLFI public token sale went live on October 15, with Trump encouraging users to visit the site and purchase the token. However, despite his public appeal, the response has been sluggish, with many expected buyers yet to participate.
At writing, over 750 million tokens have been sold at the fixed price of $0.015. While sales are gradually increasing, they remain well below the available supply, raising concerns about the project’s momentum.
Originally, WLFI’s “gold paper” allocated 35% of its 100 billion total token supply for the sale, totaling 35 billion tokens. However, the team decided to cut this to 20 billion, meaning only about 4% of the available public supply has been sold so far.
Despite the initial whitelist of 100,000 users, on-chain data reveals only 8,519 addresses currently hold WLFI tokens at writing, signaling a significant drop-off in initial interest.
WLFI Accused of Being a Grift
WLFI’s mission to bypass traditional banks and promote financial inclusion initially sparked significant interest, especially given the unusual nature of a presidential candidate endorsing a crypto project.
However, some observers viewed this endorsement as risky, particularly with the upcoming election. Trump supporter and miner “MeanHash ₿” voiced concerns, calling WLFI a potential rug pull despite his political alignment with Trump.
As the public sale continues, scrutiny of the project has intensified. Several X users have pointed out that, according to the gold paper, all tokens are “non-transferable and locked indefinitely,” highlighting that buyers cannot sell WLFI for now.
On the Flipside
- WLFI is ironically not available to US citizens.
- 30% of the total supply is reserved for the “Initial Supporter Allocation,” and 2.5% is earmarked for “Teams and Advisors.”
- Trump appears to be running away in the polls, with Polymarket bettors putting him at 59% to win the US election.
Why This Matters
Trump’s unwavering political support, despite WLFI’s lackluster launch, suggests voters may be compartmentalizing his crypto ventures from his presidential bid.
The WLFI website goes offline before the token sale.
Trump’s WLFI Website Goes Dark Hour Before Token Launch
A Bloomberg op-ed praises CBDCs, drawing criticism.
Bloomberg’s Pro-CBDC Push Takes Heat for Ignoring Crypto
