- World Liberty Financial slashed its WLFI token sales goal by 90%, setting a new $30 million target.
- After a slow start, World Liberty Financial has sold only $2.7 million in WLFI tokens since mid-October.
- Plans for a new dollar-backed stablecoin are in motion, aiming to strengthen World Liberty Financial’s platform.
World Liberty Financial has drastically reduced its WLFI token sales target following disappointing initial sales, according to an SEC filing. Initially aimed for a $300 million public sale.
However, the Donald Trump-backed coin has adjusted this goal to $30 million, marking a 90% reduction. This decision came after two weeks of struggling sales, with only $2.7 million in WLFI tokens sold.
Public Sale Adjusted to Reflect Low Demand
World Liberty Financial launched its WLFI token sale with high expectations. However, slow uptake prompted a revised goal in its recent SEC filing. With the current $30 million target, the company needs an additional $27.3 million in sales to meet its updated objective. This change highlights the challenges the project has faced in drawing investor interest.
Trump’s DeFi Project Faces Investor Challenges
Since its mid-October launch, WLFI token demand has been slow. World Liberty Financial’s wallet has recorded about $2.7 million in token sales, far from its original $300 million goal. Industry experts suggest that investors may be cautious about the token’s unclear value proposition.
Some have noted that WLFI lacks mechanisms to accrue value within the project’s ecosystem. Consequently, the SEC filing confirms that the company plans to halt sales upon reaching $30 million.
New Dollar-Backed Stablecoin
Despite these setbacks, World Liberty Financial is reportedly planning a stablecoin project. According to sources, this new initiative aims to launch a dollar-backed stablecoin which will further the company’s reach in decentralized finance.
Although a timeline remains unclear, World Liberty Financial hopes to use the stablecoin within its platform to support decentralized lending and borrowing services through Ethereum-based protocols.
World Liberty Financial’s strategy reflects a change in its approach to secure investor interest and long-term stability. The revised token sale target and potential stablecoin launch highlight its adaptability amid changing investor sentiment.
The post Trump’s World Liberty Financial Slashes Fundraising Goal by 90% Following Low WLFI Token Sales appeared first on Crypto News Land.
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