World Liberty Financial (WLFI) has successfully restored its website following hours of downtime due to overwhelming traffic during the launch of its highly anticipated token pre-sale.
The Trump-family DeFi platform kicked off the pre-sale of its WLFI tokens earlier today, attracting a significant number of visitors that ultimately led to the site crashing. Despite the initial technical issues, the platform has managed to bring the website back online, although some intermittent technical issues with loading and integrated feeds tracking on-chain activity persist.
At the time of writing, WLFI has raised approximately $7.96 million in token sales, with around 530.7 million WLFI tokens purchased by about 4,474 holders. The tokens are priced at $0.015 each, and buyers have been acquiring varying amounts ranging from 1,365 WLFI to 86,678 WLFI per transaction.
The goal of the pre-sale is to reach $300 million, and while there is still a significant amount to raise, the steady progress and continued interest from investors indicate a positive outlook despite the initial technical challenges. With over 100,000 whitelisted participants, sales are expected to increase as the pre-sale continues.
The WLFI token will act as the governance token for World Liberty Financial’s Ethereum-based DeFi protocol, with a focus on services like borrowing and lending. Despite the website downtime affecting some initial purchases, the successful recovery and transaction volume suggest that the project is on track to gain momentum.
The upcoming phase of the sale will be crucial as the project strives to reach its fundraising target, and potential buyers are likely to participate now that the technical difficulties have been addressed.
Please note that this article was written prior to a second outage experienced by the website at approximately 20:02 UTC.
In summary, World Liberty Financial’s token pre-sale has shown promising results despite initial technical challenges, with strong investor interest and progress towards fundraising goals. The platform’s focus on becoming a key player in the DeFi space through services like borrowing and lending positions it for future success.