Trump’s World Liberty Financial Website Crashes Amid Token Sale

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Trump’s World Liberty Financial Token Sale Crashes Website Amid High Demand

World Liberty Financial, a decentralized finance (DeFi) project backed by Donald Trump and his sons, launched its WLFI token sale on Tuesday morning—but overwhelming demand appears to have taken down the platform’s website. The massive traffic surge has left would-be buyers frustrated, as they are unable to access the site or participate in the highly anticipated sale.

The WLFI token, which will act as the governance token for the Ethereum-based protocol, is not yet tradable but is crucial for shaping the project’s decentralized future. World Liberty Financial’s whitelist had been open for sign-ups throughout September, attracting over 100,000 interested investors, including accredited U.S. investors and participants from outside the U.S. Despite this hype, only around 3,500 wallets currently hold WLFI tokens, according to Etherscan.

The total supply of WLFI tokens is set at 100 billion, with only 35 billion tokens available for sale during this phase. However, with the website down for hours, the token distribution has slowed significantly, putting a damper on what was expected to be one of the most talked-about DeFi launches of the year.

Website Crashes as Token Sale Begins

As of now, attempts to access the World Liberty Financial website lead to a verification check followed by an error message, leaving users in the dark about when the platform will be fully operational again. No official statements have been made by the World Liberty Financial team or any members of the Trump family regarding the technical difficulties, further frustrating potential buyers.

Despite these issues, the wallet receiving funds from the token sale has already accumulated over $5 million in assets, excluding the 47.5 billion WLFI tokens it holds. Before the token sale went live, the wallet saw only minimal activity, limited to small amounts of stablecoins and internal token movements.

Trump’s token @worldlibertyfi started their presale, raised $5M and the site has been offline for like 2-3 hours apparently, didn’t prepare for the heavy load? pic.twitter.com/cx3eVOsi19

— Wazz (@WazzCrypto) October 15, 2024

A High-Profile Project with Big Ambitions

The World Liberty Financial project, first announced by Donald Trump’s son, Eric Trump, in August, aims to create a one-stop DeFi platform offering borrowing and lending services for cryptocurrencies. Promising to “revolutionize decentralized finance on a global scale,” the project has generated substantial interest across the crypto community.

While the technical hiccup may slow the initial rollout, the platform’s goals remain ambitious. If the current token sale succeeds, World Liberty Financial could become a major player in the DeFi space, potentially offering a wide range of financial services built on blockchain technology.

Looking Ahead: Will WLFI Token Sale Bounce Back?

The World Liberty Financial team will need to resolve the website issues quickly to regain the trust of potential investors and capitalize on the massive interest in its WLFI tokens. With more than 100,000 people on the whitelist and only 35 billion tokens available in this round, demand is expected to remain high once the platform stabilizes.

As the launch unfolds, investors and onlookers alike will be watching closely to see how World Liberty Financial navigates this early setback. If the token sale can recover from the website crash, the project may still live up to its considerable hype, positioning itself as a key player in the ever-evolving world of decentralized finance.