TechFlow reports, on October 16, according to CoinDesk, World Liberty Financial (WLFI), a crypto project backed by the Trump family, achieved only 4% of its targeted token sale within its first 24 hours. WLFI sold over 792.36 million tokens, raising $11 million—falling short of its $300 million goal. Each token was priced at $0.015, and holders on average purchased less than $1,000 worth. One possible reason for waning participant interest lies in the token's nature. As a non-transferable governance token for the platform, WLFI allows users to participate in DeFi activities such as lending and creating liquidity pools, but prevents users from selling it to investors at a higher price in the future, thereby diminishing its appeal as an investment.
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