This article comes to you with the generous support of Crypto-Games. Sign up now and get the rewards that await you at Crypto-Games with an up to 200% deposit bonus!WLFI Token Sale Faces Setbacks Amid Technical IssuesWorld Liberty Financial’s (WLFI) highly anticipated token sale, endorsed by former U.S. President Donald Trump, has struggled to gain traction since its October 15, 2024, launch. Trump, serving as "Chief Crypto Advocate" with his sons Barron, Eric, and Donald Jr. as "Web3 Ambassadors," positioned the project as part of the future of decentralized finance (DeFi). Today’s the day! @WorldLibertyFi token sale is live. Get your $WLFI tokens now. Purchase $WLFI here: https://t.co/jg1tOaHHBy pic.twitter.com/j8ewxa13wp— Donald J. Trump (@realDonaldTrump) October 15, 2024 While his involvement generated significant buzz, skepticism within the crypto community has grown, particularly as the sale’s performance fell short of expectations. Despite a goal to raise $300 million through the sale of 20 billion tokens priced at $0.015 each, the project managed to raise only $12 million by October 16, a mere 4% of its target. This leaves 96% of the tokens still available, with enthusiasm dampened by ongoing technical challenges.The WLFI platform’s technical issues were a major contributor to the slow sales. During the first hour of the sale, the website crashed due to an overwhelming influx of 72 million unique visitors, leading to multiple outages. Potential investors were unable to access the platform for extended periods, and there were stretches of over eight minutes without any token sales on launch day. This technical instability raised serious concerns about the viability of the project. Although the project claimed 100,000 wallets were whitelisted for the sale, fewer than 10,885 participated in the first 24 hours, and by October 16, only 9,377 wallets held WLFI tokens, signaling a sharp decline in anticipated interest.Source: @seoul/ DuneInvestors and industry figures voiced doubts about the long-term potential of WLFI, with some labeling it a risky endeavor. Critics like Mark Cuban and Alex Miller, CEO of Hiro, expressed concerns over the project’s authenticity and Trump’s understanding of the crypto space. Bitcoin advocate Max Keiser went so far as to suggest that Trump had “failed the Bitcoin IQ test,” casting further doubt on the former president’s grasp of the technology. Despite this, Trump’s political influence remains intact, with reports showing him leading Vice President Harris by 10 points in the U.S. presidential race, suggesting that his endorsement of the token may still have the potential to boost its visibility.Looking to cash in on the crypto market? Trade on KuCoin, the go-to exchange for top coins. Secure your spot and ride the wave of crypto opportunities! WLFI Token Sale Falters Despite Trump's EndorsementInitially, WLFI planned to allocate 35% of its 100 billion token supply for sale, but they reduced it to 20 billion. This, combined with the 12-month non-transferability of the governance tokens, has severely limited the liquidity of WLFI, further diminishing investor confidence. The token, designed to allow holders to vote on platform changes, has failed to garner the widespread adoption its backers had hoped for.World Liberty Financial submitted a proposal to integrate Aave v3, a leading DeFi lending protocol, on Ethereum. The integration, aimed at supporting loans and deposits in major stablecoins and digital assets, includes plans to distribute 7% of WLFI tokens to the AaveDAO and 20% of fees generated by the platform. While the Aave community responded positively to the proposal, the broader struggles of the project could impact its potential success. The token sale’s exclusion of U.S. citizens—except accredited investors—has further limited the buyer pool, adding to concerns over the token’s appeal.Need a smart way to trade new tokens? Let Telegram bots handle it—get started with Maestro now and stay ahead of the market!Despite the hurdles, Trump’s involvement in the crypto space continues to make waves. His push for WLFI, although faltering, has coincided with a 15% increase in Bitcoin’s price during October, underscoring the market influence that his presence can still exert. Yet, with mounting doubts and technical problems plaguing WLFI, the future of the project remains uncertain, casting a shadow over its ambitions in the rapidly evolving DeFi landscape.This article has been refined and enhanced by ChatGPT.