- World Liberty Financial lowers its public sale target from $300M to $30M after lackluster initial sales.
- The Trump-backed WLFI token sale has raised just $2.7M in two weeks, leaving $27.3M to meet its new goal.
- The crypto venture’s new target reflects an ambitious pivot to a $30M public sale before launching its stablecoin.
World Liberty Financial, the crypto firm backed by former U.S. President Donald Trump, has reduced its public sale target for the WLFI token from $300 million to $30 million following underwhelming early sales.
According to a recent U.S. Securities and Exchange Commission (SEC) filing, the firm announced that it would conclude the public sale of its WLFI tokens upon reaching this adjusted figure.
The WLFI token sale launched two weeks ago has seen limited uptake, with current sales totaling only around $2.7 million, far short of the original $300 million target. This leaves World Liberty Financial with approximately $27.3 million in tokens to sell to meet its revised public sale goal.
Despite these figures, World Liberty Financial is reportedly pursuing additional ventures within the crypto space. The company plans to release a dollar-backed stablecoin to integrate with its decentralized finance (DeFi) platform.
This stablecoin will likely form a core part of World Liberty Financial’s platform, which aims to provide decentralized lending and borrowing services using Ethereum’s Aave DeFi protocol.
However, no official timeline for the stablecoin launch has been disclosed, and further details remain limited.
Donald Trump recently emphasized his support for the cryptocurrency sector, positioning himself as a pro-crypto candidate.
In a recent social media post, Trump promised to end what he referred to as “Kamala Harris’ war on crypto” and advocated for making Bitcoin a U.S.-centric enterprise.
His stance has garnered support within the crypto community, which sees a potential Trump victory in the upcoming election as a positive influence on cryptocurrency markets.
Data from Polymarket suggests Trump is among the top contenders for the presidency, a development watched closely by crypto investors.
However, some experts, including BitMEX co-founder Arthur Hayes, believe that Bitcoin and the broader cryptocurrency market will continue to grow regardless of the election outcome.
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