CandleFocus SEC Limits, Technical Hitches Combine for Lackluster Trump Token Sale
2024-10-16
Author: Content Editor
Donald Trump's decentralized finance (DeFi) project, World Liberty Financial, had a slow start with only 4% of its tokens sold on the first day. The project, launched to accredited investors in the US, aims to eventually involve all US citizens, but currently, only wealthy investors can participate due to SEC requirements. Analysts suggest that these requirements, along with the initial target valuation of $1.5 billion, may have hindered the project's success. The launch was also marked by website crashes, potentially impacting sales. World Liberty Financial is an Ethereum-based DeFi project focused on borrowing and lending crypto services.
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