Trump's World Liberty Financial Website Crashes Amid Token Sale, 2.9K Investors Join

According to CoinDesk: The WLFI token sale by Trump-backed World Liberty Financial experienced a turbulent launch on Oct. 15, as the platform's website faced numerous outages shortly after going live. Despite the technical difficulties, the WLFI token attracted nearly 2,900 unique investors within the first hour.WLFI Token Sale Attracts Millions Amid OutagesLaunch Time: 12:40 UTC, Oct. 15Tokens Sold: Over 344 million WLFI tokens to nearly 3,000 wallets in the first hour.Blockchain Wallet Holdings:$4 million in ETH$1.2 million in USDT$250,000 in USDCWorld Liberty Financial: DeFi and Governance-Focused PlatformThe WLFI token will act as a governance token for the World Liberty Financial platform, allowing users to engage in:DeFi activities such as borrowing, lending, and liquidity pool creationStablecoin transactions aligned with U.S. regulationsVoting on governance decisions related to the platform's future developmentTrump Family's Involvement in WLFIDonald Trump: Chief Crypto AdvocateEric and Donald Jr.: Web3 AmbassadorsBarron Trump: DeFi VisionaryThe Trump family aims to leverage the global reach of their brand to bring Web2 users into Web3, as stated in WLFI’s "gold paper".Token Sale and Market StrategyTotal Tokens Released: 100 billion WLFIFundraising Goal: $300 millionPlatform Valuation: $1.5 billionWorld Liberty Financial had previously whitelisted over 100,000 accredited U.S. investors, ensuring compliance with SEC regulations.Compliance and Token Lock MechanismWLFI tokens will remain non-transferable and locked in smart contracts, ensuring governance decisions comply with U.S. regulatory requirements.The platform’s mission aligns with supporting USD-backed stablecoins and promoting DeFi applications, aimed at maintaining the U.S. Dollar as the global reserve currency.A Bumpy Start with Strong Market InterestDespite technical glitches, the WLFI token sale reflects strong investor interest, driven by the Trump family's involvement and the platform's ambitious DeFi vision. As the platform navigates its early challenges, WLFI aims to position itself as a prominent player in the Web3 space, offering governance opportunities and stablecoin solutions to users globally.