World Liberty Financial, a DeFi project backed by Donald Trump and his sons, launched its WLFI token sale, causing the site to crash due to high traffic. The WLFI token will be a governance token for the upcoming Ethereum-based protocol, available to accredited U.S. and international investors.
The DeFi project World Liberty Financial, backed by Donald Trump and his kids, started its token sale Tuesday morning, but it looks like too much traffic has crashed its site.
World Liberty Financial Site Crashes
The WLFI coin on sale cannot be traded. Instead, it will be used as the governance token for the Ethereum decentralized protocol about going live. People signed up for whitelist places all through September. These spots were only open to accredited investors in the U.S. and investors from other countries.
Etherscan says that there are just over 3,500 token holders right now, even though the team says that over 100,000 people have been allowed to use the token. After the site crashed, this number is slowly going up for one of the most anticipated project starts of the year.
On Ethereum, 100 billion WLFI tokens are in circulation, but only 35 billion are being sold now.
Most people who have tried to visit the World Liberty Financial site in the last few hours have been unable to do so. As of this writing, it does, however, show a user verification check before giving an error message.
Even so, the wallet-selling tokens have more than $5 million in assets, not counting the 47.5 billion WLFI it already has. Before the token sale, the only trades that happened were the moving of WLFI and a small amount of stablecoins.
Tuesday, World Liberty Financial and Trump family members still haven’t said anything about the token sale or the site crash. This means that people who want to buy tokens don’t know what’s happening with the sale.
