The former pesident’s DeFi token saw poor sales for various issues, including restrictions on who can invest, non-transferability and others
Former United States President Donald Trump’s token launch was something of a flop.
On Oct. 16, former United States President Donald Trump launched his World Liberty Financial (WLFI) token. The token’s website claimed it would allow investors to gain voting rights over a future decentralized finance (DeFi) protocol.
However, after nearly a full day of trading, the token’s sales have been tepid. As of 10:00 am UTC on Oct. 17, the token’s website shows that only 848.63 million WLFI ($12.7 million worth based on the presale price) has been sold, leaving an additional 19.1 billion coins ($287 million) unsold. The amount sold on the first day constitutes just 4.24% of the total.
