World Liberty Financial, a DeFi platform supported by Donald Trump and family, commenced its token sale Tuesday, but with a hiccup: the website crashed due to mass traffic. The WLFI token, which acts as the governance token for the Ethereum-based protocol, went on sale with anticipation high after thousands of people signed up for whitelist spots throughout September.
As of now, Etherscan shows about 3,500 token holders, a number slow to increase given the website’s instability. Despite this, the project still managed to raise over $5 million in assets. The initial offering included 35 billion out of a total 100 billion WLFI tokens launch.
However, the website crash caused a snag in the token sale process, leaving the platform offline for several hours and many potential buyers frustrated and without answers. When the site was accessible, it displayed a user verification check followed by an error message.
While the crash undoubtedly affected the dynamics of the launch, sales still went through, causing over $5 million worth of assets to flow into the wallet designated for the token sale. This, along with the storage of 47.5 billion WLFI, is a promising start to one of the year’s most anticipated crypto initiatives. So far, there have been no comments from the Trump family or World Liberty Financial regarding the website crash or sale progress.
The project, which was first announced in August by Eric Trump, aims to offer a comprehensive platform for lending and borrowing crypto services, with clear ambitions to become a leading global DeFi hub.