Key Points:
A sale that kicked off this morning for accredited investors on the project’s website went down repeatedly, leaving would-be buyers in a lurch. More than 500 million Ethereum-based tokens had sold for 1.5 cents, according to Etherscan, despite the technical woes.
World Liberty Financial sought to raise $300 million at a $1.5 billion valuation and started taking names for its approved list of accredited investors on September 30th. To be one, an investor needs to have a net worth above $1 million among other things.
Read more: World Liberty Financial Will Launch a Token Sale on October 15
Donald Trump had teased the token sale over the weekend in a post on X, but on Tuesday, its official X and Telegram accounts kept mum. The Trump-backed project-which is part of the decentralized finance sector launched just a day after the former president survived a second assassination attempt.
While the effort is most closely associated with Trump and his sons, one early white paper emphasized that the cryptocurrency effort is “not owned, managed, operated or sold” by the Trump family, though they may receive compensation. The token presale also comes amidst Trump’s efforts to court crypto voters ahead of the upcoming presidential election.
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