Trump Crypto: Will The World Liberty Financial Presale Sell-Out or Crash-Out?
On Monday, it was confirmed that Chainlink will power the Trump Crypto World Liberty Financial platform (WLFI) with RWA usecases. To do this, they will have to work closely with Chainlink founder Sergey Nazarov, who will likely work with the White House to tell Trump what they need regarding legal clarity.
Donald Trump, with the recommendation of his Gen Z crypto-holding wunderkind child Barron Trump , is looking for crypto experts in the field to help guide him with World Liberty Financial.
Here’s what this could mean for WLFI token and broader crypto regulation.
A Tepid Start for World Liberty Financial Token
( WLFL )Financial markets are riding the wave of Donald Trump’s recent electoral win. The S&P 500 is climbing, and Bitcoin
has been smashing records for three days straight, but Trump’s own crypto brainchild, World Liberty Financial, is dragging its feet in terms of traction for its presale.Launched in October, World Liberty Financial’s token, WLFI, has faced a challenging market environment. Despite the president-elect’s pro-crypto stance and promotional efforts, the token has only managed to see a 4% increase in cumulative sales profit since the election, bringing total profits to $15.4 million.
While this marks its best three-day performance since launch, it pales compared to the broader crypto market’s 11% surge post-election.
( WLFL )Several factors contribute to WLFI’s limited appeal. Most prominently, the token is not currently tradable on secondary markets, which significantly restricts investor engagement and liquidity.
Moreover, WLFI tokens are “locked” until investors vote to enable trading, a decision that remains pending according to the project’s “gold paper”—a Trump-styled version of the typical white paper used to introduce new crypto projects.
If all of this sounds like a parody, remember that as great as Trump has been as president, his business ventures are volatile as hell.
This is a guy who sold gold shoes , after all.
DISCOVER: These Altcoins Are Expected to Explode From Trump Crypto Bull Run
Scaling Back Ambitions For WLFI
Initially, World Liberty Financial aimed to raise $300 million through its token sale . However, a lack of investor interest forced a revision of these ambitions, with the company now planning to terminate the sale after raising just $30 million, as per an October 30 regulatory filing.
The limited participation underscores the challenges of capturing investor attention, even with the Trump family’s high-profile endorsements.
Despite being marketed heavily on social media by Trump and his sons, who serve as “ ambassadors ,” the project has struggled to generate significant momentum.
WLFI is designed as a governance token intended to grant holders some measure of control over the project’s direction. However, the degree of influence is limited; investors can vote on technology upgrades but have no say in operations.
Big things on the horizon. Here’s to the next chapter, America! 🇺🇸
— WLFI (@worldlibertyfi) November 6, 2024
The “gold paper” outlines that World Liberty Financial will provide access to third-party DeFi applications, including noncustodial wallets and lending protocols like Aave. However, the broader utility and value proposition of WLFI remains unclear, contributing to potential investors’ skepticism.
DON’T MISS: The 15 Next 100x Cryptocurrency Opportunities
The US Election Is Over: But New Prediction Market FreeDum Fighters Could 10x
As we soon kick off Donald Trump’s 47th presidency, the new crypto project FreeDum Fighters ($DUM) is going massively viral as retail interest in predictions markets continues to explode following the multi-billion dollar success of Polymarkets.
With a roaring start, FreeDum Fighters’ presale snatched up $468,000 in weeks. This meme coin satirizes the U.S. elections, casting Donald Trump as the many-armed MAGATRON against Kamala Harris’ cyborg alter-ego, Kamacop 9000. The playful political jabs have piqued the interest of crypto enthusiasts with a taste for satire.
Now that Kamala got BTFO of the race, Elon Musk has become one of the prominent characters in the FreeDum Fighters token saga.
MAGATRON has tasked Dark Maga to take dismantle the Deep State 🔫
Starting with Kamacop and her waste of $1bn+ 👀 pic.twitter.com/OdFn8mfMHF
— FreeDum Fighters (@Freedum_Fighter) November 8, 2024
Beyond the usual staking features of other meme coins, a vibrant arena opens up with the FreeDum token, including weekly debates, where supporters shout out their preferences for a shot at more DUM, a juicy reward for their vocal enthusiasm.
These debates aren’t just a soapbox; they’re a golden ticket for airdrops. This twist sets it apart from other PolitiFi tokens, fostering a lively, loyal crowd ready to rally.
VISIT FREEDUM FIGHTERS HERE
EXPLORE: ETH Price Shifts Bullish Amid Monumental ETH ETF Inflows
Join The 99Bitcoins News Discord Here For The Latest Market Updates
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
What is altcoin season and why can these 5 coins grow 5x?
Polymarket platform is now unavailable for users in France
Sui Foundation Partners with Asset Manager Franklin Templeton
Cardano Jumps 215% After Major Breakout and Sets Sights on Higher Targets